Here’s the latest sticker shock: Borrowing for a mortgage

Here’s the latest sticker shock: Borrowing for a mortgage — or a car

Mortgage rates have hit their highest level in almost three years, making buying a home more challenging at a time when housing prices are already high.

It’s not just mortgages being at their highest level in almost three years — but the cost of loans for cars and higher education are among the borrowing costs affected, too.

(Image credit: Nam Y. Huh)