Mortgage Rates Keep Going Up; Fed’s Interest Rate Hikes Taking Their Toll
August 25, 2023 9:57AM PDT
Sale representative or insurance broker handing over house keys to a woman. Photo of house in the background.
Photo from Alpha Media Portland OR
Mortgage rates are at a 22-year high.
If you are looking at getting a 30 year mortgage, it will cost you.
Mortgage rates have jumped to seven-point-two-three-percent.
A year ago, the rate for a 30-year fixed-rate mortgage was around five-point-five-percent.
Freddie Mac reports mortgage rates have been above six-point-five all summer and have been creeping up since mid-July 2023.
Sale representative or insurance broker handing over house keys to a woman. Photo of house in the background.
Photo from Alpha Media Portland OR
