First-Time U.S. Home Buyers Feeling ‘Defeated’ By Soaring Prices, Rising Rates

Reuters, Mar. 15, 2022–Jonelle Marte
Brianna Lombardozzi first started searching for homes in January, and Mortgage Bankers Association data shows home-loan costs have climbed roughly three-quarters of a percentage point in that window, reducing how much she can borrow if she wants to keep the monthly mortgage payment at a level she can afford.