first‑time homebuyer mortgage rates

first‑time homebuyer mortgage rates

Fed Pause Squeezes Mortgage Rates for New Buyers

When the Federal Reserve hits pause on rate hikes, new homebuyers often face tighter mortgage costs, and a 1% swing in rates can turn a promising offer into a deal-breaker. The pause steadies short-term money markets, but long-term mortgage spreads may still climb, squeezing affordability for first-time buyers. Financial Disclaimer: