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U.S. Mortgage Rates Soar Past 7%

The New York Times – Business:

The average rate on 30-year mortgages — the most popular kind among Americans — rose to the highest level since 2002, tracking the Federal Reserve’s aggressive campaign of rate increases.

Tara Siegel Bernard
Author: Tara Siegel Bernard

This post first appeared in The New York Times – Business. Read the original article.

Written by

Tara Siegel Bernard

in

Credit and Debt, Federal Home Loan Mortgage Corp (Freddie Mac), Federal Reserve System, Inflation (Economics), Interest Rates, Mortgage Bankers Assn of America, Mortgages, National Assn of Realtors, Real Estate and Housing (Residential), United States Economy
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