U.S. existing home sales unexpectedly increased in May, but the trend remained weak amid high mortgage rates. Home sales climbed 0.8% last month to a seasonally adjusted annual rate of 4.03 million units,

Mortgage rates in the U.S. climbed once more on Friday with the national average 30-year fixed mortgage rate ticking up to 6.98%, according to new data from Zillow. This increase

Mortgage rates hit 7.47% creating a housing affordability crisis. Why ARM rates are trapping buyers and destroying homeownership dreams.