Mortgage Rates Hit 6% for the First Time Since 2008, While Applications Fall to Lowest Level Since 1999

Dated: September 16 2022

Views: 10

A surge in mortgage rates to 6% is giving home shoppers chills, pushing them to wait to refinance or buy a home.  Read more.

Blog author image

John Dodds

Having the right real estate agent means having an agent who is committed to helping you buy or sell your home with the highest level of expertise in your local market. This also means helping you und....

Latest Blog Posts

Mortgage Rates Inch Closer to 7%

Home buyers who waited to buy a home this month compared to last month may have some regrets. Home buying is 12% more expensive than just a month ago. Fast-rising mortgage rates—up one

Read More

Mortgage Rates Hit 6% for the First Time Since 2008, While Applications Fall to Lowest Level Since 1999

A surge in mortgage rates to 6% is giving home shoppers chills, pushing them to wait to refinance or buy a home.  Read.

Read More

Experts: Buyers Should Shop Around for a Mortgage as Rates Rise

As mortgage rates surge and remain volatile, it’s becoming increasingly necessary for home buyers to shop around for a loan to find savings. According to Freddie Mac, borrowers potentially

Read More

Mortgage Rates Rise Again, Nearing Affordability Threshold

Mortgage rates continued inching up this week, nearing a threshold that would bring the average American household to a financial tipping point, warns Nadia Evangelou, senior economist and director

Read More