Mortgage rates hit 7.47% creating a housing affordability crisis. Why ARM rates are trapping buyers and destroying homeownership dreams.

Average rates are likely to stay in the 6.75% to 7.25% range unless the Fed signals multiple cuts and backs up their policy ...

After falling for four days straight, 30-year mortgage rates have now edged higher for two days. Rates for many other new purchase loan types also climbed.