(CNBC) — Rising home prices and higher mortgage rates are adding up to increasingly expensive housing, but fear is making matters even worse.
A wide swath of borrowers today may be paying far too much on their home loans, simply because they are overly cautious.
"It's personality. Some people are just risk averse, but how much is your risk aversion worth?" asked Craig Strent, CEO of Maryland-based Apex Home Loans, an independent mortgage lender.
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