Business

Economy and Finance

Updated 2026-05-06 11:15 UTC 1 source Negative

Mortgage rates hit a month-high, affecting lower-income homebuyers. The impact of rising rates on loan demand and average loan size is analyzed.

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CNBC

Mortgage rates hit the highest level in a month, causing lower income homebuyers to drop out

Mortgage rates rose last week, causing loan demand to drop back and causing the average loan size to rise -- indicating that lower income borrowers dropped out.

2026-05-06 11:00 UTC