Mortgage rates have hit their highest levels in more than 20 years, making it much more expensive to borrow money to buy a house.
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What 7% Mortgage Rates Mean for Home BuyersBuyers should focus on what they can control rather than try to predict mortgage rates.
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Mortgage rates hit 22-year high, Bankrate saysThe average rate on 30-year mortgages climbed to 7.31% this week, according to Bankrate's weekly national survey of large lenders.
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Weekly mortgage demand drops again, as interest rates match a 22-year highLast year the 30-year fixed was 5.45%, and in 2021, it was in the 3% range, showing just how far costs have risen since the Federal Reserve began raising rates.
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Mortgage rates surge to 21-year highThe 30-year fixed-rate mortgage averaged 7.09% over the week ending on Thursday, Freddie Mac data shows.
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Homebuilder sentiment plummets as mortgage rates surge againBuilder confidence unexpectedly dropped for first time this year.
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