They Signed Contracts for Their Dream Homes Last Year. Now Their Borrowing Costs Are Ballooning

Wall Street Journal, May 16, 2022–Nicole Friedman (subscription)
People who agreed to buy homes under construction but haven’t yet closed are facing mortgage-interest rates that could be nearly double what they anticipated when they paid their deposits.
https://www.wsj.com/articles/they-signed-contracts-for-their-dream-homes-last-year-now-their-borrowing-costs-are-ballooning-11652607001