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It's bad enough mortgage rates are over 7% – now it's harder to qualify for a home loan

Por: CNBC Business October 11, 2022

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JB Reed Bloomberg Getty ImagesIt's a double whammy for would-be homebuyers. Not only are interest rates soaring, it's getting harder to qualify for a loan.The average rate on the popular 30-year fixed mortgage climbed over 7% at the end of last week, according to Mortgage News Daily, and is expected to hit around 7.125% on Tuesday. It's been over 7% for several days.Meanwhile, mortgage credit availability is now at the lowest... + full article



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