Mortgage rates are rising again, and Dave Ramsey is warning Americans that navigating today’s housing market without professional help could be a costly mistake.
Freddie Mac chief economist Sam Khater said purchase and refinance activity has improved from a year ago, though volatility in borrowing costs continues to pressure affordability.
Rising Rates Pressure Housing Market
Higher rates are being driven by broader macro conditions, including rising Treasury yields and renewed inflation concerns linked to higher energy prices.
Against that backdrop, Ramsey cautioned that buyers and sellers face significant financial risk without expert guidance.
Dave Ramsey Warns Homebuyers As Mortgage Rates Rise: Mistakes Could Cost ‘Tens Of Thousands’
