Even more borrowers choose riskier mortgages, as higher interest rates crush affordability
Interest rates on mortgages continue to rise, leaving some buyers to choose riskier, adjustable-rate mortgages to find savings.
CNBC reports: Interest rates on mortgages continue to rise, leaving some buyers to choose riskier, adjustable-rate mortgages to find savings.
This business story centres on the United States.
Why it matters
Moves like this are watched by investors, employers and consumers because of their potential effect on markets and the wider economy.
Key details
- Location
- United States · Americas
- Reported by
- CNBC
- First reported
- Section
- Business
Sources
This is an independent summary. Read the full, original reporting from the publisher:
Read the full story at CNBCSpotted an error? Request a correction · How this summary was produced
Related Stories
'In his words, he's ready to go ': Can Shohei Ohtani break his slump before it's too late?
An ailing Ohtani will remain in the Dodgers' lineup, but L.A. needs him to get his groove back.
WNBA Finals 2026 schedule, news: Valkyries, Dream to meet for title
A new champion is guaranteed to be crowned this season as Golden State and Atlanta meet in the WNBA Finals.
Who won (Texas, Illinois) and lost (NCAA) the men's hoops offseason?
The best player and coach movement -- or lack thereof -- decisions this summer.
Consumer prices rose at 3.7% annual rate in September as gas costs skyrocket
The consumer price index was expected to increase 0.6% in September on a monthly basis and 3.6% from a year ago, according to the Dow Jones…
Trump's diesel dilemma — by the numbers
Conflicts in Ukraine and Iran have created major ripple effects across global energy markets causing major price swings.
US inflation rises more than expected ahead of midterm elections
The pace of price rises increased to 3.7% in the year to September, driving by higher motor fuel costs.
US inflation rose to 3.7% in September, figures show
Final inflation report before midterms comes as polls show widespread anger over cost of living under Trump Republicans are entering the midterm…
'Office' is actually having a scarcity problem
The U.S. office market is roaring back to health but its speedy recovery is resulting in a shortage, especially of premium space.