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Rising Mortgage Rates Add Challenge for Surprise Homebuyers

Original: Rising mortgage rates add new challenge for Surprise homebuyers as growth continues

Surprise, Arizona, one of the fast-growing suburbs of Phoenix, is seeing continued population growth, but rising mortgage rates are adding a new hurdle for buyers there. Prospective homeowners in the city face higher borrowing costs on top of already elevated home prices, complicating plans for those moving to the area, and the affordability squeeze is drawing local attention.

Why now: Higher mortgage rates are squeezing affordability just as demand keeps growing in the Phoenix suburbs.

Surprise, ArizonaPhoenix metropolitan areaABC15 Arizona

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• Rising mortgage rates add new challenge for Surprise homebuyers as growth continues · ABC15 Arizona

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