August 16, 2023
Think you’ll be able to buy a house right now? Think again. Mortgage rates just hit a near record high.
Freddie Mac’s weekly report found the most popular mortgage, the 30-year fixes, just hit 6.96%!
That’s the second highest rate in 19 years. In April 2002 the 30-year fixed was 6.99%. The highest rate for a 30 year fixed that we’ve seen in the last 19 years was in November of 2022 when it was 7.08%.
Read the report here and look at all the data.
