Mortgage Rates: The Rise of mortgage rates to new terrifying heights, 6.7%, Highest Since 2007
since the 2008-09 financial crisis, we've never seen such mortgage rates
This week’s rate was up from 6.29% last week. That large number of moves in a single week have only occurred a handful of times
These surges come as the reserve bank continues to increase the interest rates from the Federal Reserve.
this 10-year long yield is mostly influenced by expectation for Federal rates.
During the broad turmoil in the bond market, the 10-year result has ricocheted this week.
“The large dispersion in rates means it has become even more important for homebuyers to shop around with different lenders.” -Sam Khater
Due to the significant affect on a buyer's monthlyincome, interest rates have a major influence on housing
Home prices are still continuing to rise every year, but the pace of growth has slowed quickly
refinancing does not seem to be an attractive proposition due to high rates