First-time buyers feel the pain of rising mortgage rates: Will it lead to chain collapse and lower house prices?

Under pressure: First-time buyers saw fixed mortgage rates rise by more than 1 percent in just four weeks.

First-time buyers are feeling the brunt of rising mortgage rates while some property insiders fear it could have a knock-on effect on the rest of the market. Since the war in the Middle East began, fixed-rate loans have increased significantly due to fears of inflation being lower than expectations of future interest rates. The average … Read more