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NBC Nightly News with Lester Holt
NIGHTLY 6:30/5:30c

What homebuyers need to know as mortgage rates climb in tough market

CLIP05/10/22
Also available on the usa app

With low inventory and record-high prices, waiting longer can have fixed mortgages tick up even higher. However, the average 30-year fixed mortgage rate has now climbed to 5.36 percent, leading to an 11 percent drop in new mortgage applications. Some families are turning to adjustable-rate loans where terms and interest rates typically change anywhere between 5 to 10 years.

Appearing:Lester Holt
Tags: nbc, news, Lester, Holt, Evening, Broadcast, night, Broadcast, interview, anchor, newscast
S0 E02 minNRExcerptNews and InformationPrimetime

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