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Mortgage rates hit almost 7%, with little sign of falling

Por: Orlando Sentinel Business October 05, 2022

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Mortgage rates jumped to almost 7% as the housing market begins to cool in response to rising rates. The average rate for a 30-year fixed mortgage increased as homebuyers have watched rates steadily rise over the past six months. According to Freddie Mac, mortgage rates hit 6.7% last week, while the Mortgage Bankers Association put the rate for a 30-year fixed mortgage at around 6.52%. The Mortgage News Daily, which posts a daily average of... + full article



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