Mortgage Rates Jump to 14-Year High as Fed Delivers Jumbo Rate Hike

3 days ago
AMERICA NEWS NOW
U.S. mortgage rates spiked to grounds highs for the 5th consecutive week pursuing the Federal Reserve’s determination to rise its cardinal involvement rate. The mean involvement complaint connected a 30-year fixed-rate owe was 6.29 percent for the week ended Sept. 22, according to data from the owe lender Freddie Mac. This is the highest level since 2008, erstwhile the United States was going done a recession. Mortgage rates had past peaked astatine 5.81 percent conn...
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