Buyers paid 46% more for mortgages in 2022, CFPB report says

High interest rates have had a significant impact on the mortgage market and their effect is likely to continue as rates continue to increase, the Consumer Financial Protection Bureau (CFPB) said in a report. Borrowers who got a mortgage in 2022 saw their average monthly payment soar 46% in 2022 and paid more than $2,000 per month...