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Mortgage rates are at a 20-year high. Here's what that means for monthly payments.

Por: ABC News Business October 29, 2022

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The spike in mortgage rates this week continues a monthslong trend that has dramatically of home loans – but the exact price hike may surprise some homebuyers.The 30-year fixed-rate mortgage leapt to 7.08% on Thursday, reaching heights last seen more than 20 years ago, showed.The spike in mortgage rates continues a sharp rise over the course of this year, as the Federal Reserve has aggressively in an effort to dial back inflation.For... + full article



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