Lenders Increase Mortgage Rates, Prompting Borrower Decisions

Why it matters locally: South Carolina, with its growing population and ongoing real estate development, will see these increased mortgage rates directly impact the affordability and accessibility of homeownership for residents across the state.

Major lenders have increased rates on new mortgage deals over the past few days. This development requires many borrowers to make decisions regarding their home financing. Financial institutions implemented these rate adjustments, affecting new agreements.