"Surge in 30-Year Mortgage Rates Reaches Three-Week Peak"

Mortgage rates for new purchases, as well as refinancing, have risen to three-week highs, with the 30-year and 15-year averages reaching their highest points since July 10. The 30-year fixed-rate average is now at 7.46%. Rates have been fluctuating in the low-to-mid 7% range after dramatic swings last month. Despite the increase, it is advised to shop around for the best mortgage option and regularly compare rates across lenders.