The median payment on a new mortgage increased almost 9% from March to April.

More homebuyers are applying for adjustable-rate mortgages, which often come with a lower initial monthly payment. But borrowers could end up paying more in the long run.

Mortgage rates are rising, but deposit rates will lag, says Laurie Stewart, president of Sound Community Bank in Seattle.

Vivian Gueler of Pacific Trust Group said rising rates are slowing the housing market, but it could be months before prices fall.

Investor purchases made up more than 1 in 5 home sales in December, according to CoreLogic.

We spoke to Michael Hewson, chief market analyst at CMC Markets, for some insight.

Homebuilders already face higher prices for materials. More expensive loans could affect construction for years.

So far, that hasn’t had a chilling effect on applications.

The latest survey data shows that homebuilders have a positive outlook despite inflation and supply chain woes.

Higher interest rates could slow down price growth, according to housing economists.