Mortgage Rates Soar to Record Highs
TL;DR
Rates on 30-year mortgages have surged to a new high, with the average reaching 7.84%. This increase follows a three-day climb, pushing the flagship average higher than the 22-year peak recorded in August. Rates on 15-year loans are also near a record high, while jumbo 30-year rates remain flat. It is advised to shop around for the best mortgage option and regularly compare rates, regardless of the type of loan being sought.
Topics:businessfinance#30-year-mortgage#finance#home-loans#interest-rates#mortgage-rates#refinancing
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