Mortgage Rates Keep Going Up; Fed’s Interest Rate Hikes Taking Their Toll

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