Housing Market in Turmoil: Mortgage Rates Surge, Approaching 8%
In a startling turn of events, the housing market is facing a tumultuous period as housing mortgage rates skyrocket to near-2008 levels. According to recent data from Freddie Mac, the average 30-year fixed mortgage rate has surged to a staggering 7.98%, up by 6 basis points in just one week. The 15-year fixed mortgage rate … Read more