mortgage rates move higher

mortgage rates move higher

First-Timers Suffer $300 Monthly Blow From Rising Mortgage Rates

First-Timers Suffer $300 Monthly Blow From Rising Mortgage Rates A 1% rise in mortgage rates adds roughly $300 to a first-timer’s monthly payment on a $300,000 loan. This cost surge is happening faster than housing inventory can adjust, squeezing new buyers who are already facing higher price points.