Mortgage rates continue to climb, reach highest level since 2000
Tuesday, August 22, 2023 | Tag Cloud | Learn about our FREE SYNDICATION Service | Sign up for our Worthy Briefs! | Printer Friendly
(Worthy News) – Mortgage rates are pushing even higher this week and are now clocking in at their highest level since the turn of the century.
As of Monday, the average rate on a 30-year, fixed-rate mortgage had soared to 7.48%, more than double the average before the Federal Reserve started raising interest rates, according to Mortgage News Daily. The last time rates were this high was in November 2000.
That marks a nearly half-percentage-point increase in just the past month alone, with a sizable chunk coming in the past week. [ Source: Washington Examiner (Read More…) ]
Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.