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News Articles: first time homebuyer

Katrina Wooten signed a contract to buy this home that's under construction near Gainesville, Fla. Then mortgage rates jumped sharply higher.

Adjustable rate mortgages can be cheaper but risky. Here's what you need to know

With mortgage rates up sharply, many more homebuyers are turning to adjustable rate loans. These can be more affordable, at least at first. But they come with a big risk. Is it worth it?

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By:
  • Chris Arnold
Mortgage rates on 30-year, fixed-rate loans rose above 5% this week. That's pushing the cost of buying a home higher and making homeownership unaffordable for more people.

Mortgage rates just hit 5%. Here's how much more expensive that makes home ownership

Higher mortgage rates and home prices have pushed the monthly payment to buy the median-priced home in the U.S. up more than 50% since the start of last year. Many first-time buyers can't afford it.

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By:
  • Chris Arnold
A "for sale" sign is posted on a home last month in Philadelphia.

First-time homebuyers are getting squeezed out by investors

With a historic shortage of homes for sale, investors making cash offers are pushing first-time homebuyers out of the market.

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By:
  • Chris Arnold and
  • Anthony Tellez