Mortgage Rates Rise to 6.7%, Highest Since 2007
The average 30-year mortgage rate in the United States has risen to 6.7%, the highest level since 2007, according to Freddie Mac, a major mortgage company.
The average 30-year mortgage rate in the United States has risen to 6.7%, the highest level since 2007, according to Freddie Mac, a major mortgage company.
Americans are taking on historic amounts of debt. According to Federal Reserve figures issued Friday, consumer debt levels increased by $52.4 billion in March 2022, a 14 percent annual rise.
House prices have soared to all-time highs in the last two years. The good news for homebuyers is that it isn’t going to slow down any time soon.