According to Freddie Mac, the 30-year fixed-rate mortgage averaged 6.7% in the week ending September 29, up from 6.29% the prior week.
That’s the highest mark since 2007 and compares with 3.01% a year ago.
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MMG's Bodnar: We've Been Watching This Movie All Year Bill Bodnar of the Mortgage Market Guide breaks down the jobs report, why and how it came in above expectations, and what that means just days ahead of the Fed meeting.
Estimated reading time: 0 minutes, 18 seconds
Mortgage Rates Rise to 15-Year High
U.S. long-term mortgage rates have risen for a six consecutive week, to levels unreached since before the Great Recession. So reports The Guardian.
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