Mortgage Rates Soar to Record Highs
TL;DR Summary
Rates on 30-year mortgages have surged to a new high, with the average reaching 7.84%. This increase follows a three-day climb, pushing the flagship average higher than the 22-year peak recorded in August. Rates on 15-year loans are also near a record high, while jumbo 30-year rates remain flat. It is advised to shop around for the best mortgage option and regularly compare rates, regardless of the type of loan being sought.
- 30-Year Mortgage Rates Rise to New High Investopedia
- Highest Mortgage Rates in More Than a Week Mortgage News Daily
- Mortgage Rates Surge, Returning to 22-Year Highs Investopedia
- With mortgage rates high, housing market leveling out The Atlanta Journal Constitution
- Mortgage Rates Jump by Double Digits Investopedia
- View Full Coverage on Google News
Reading Insights
Total Reads
0
Unique Readers
0
Time Saved
5 min
vs 6 min read
Condensed
93%
1,046 → 72 words
Want the full story? Read the original article
Read on Investopedia