Mortgage rates soar to their highest level in 21 years (www.cnn.com)

submitted 1 year ago by deconstruct@lemmy.world to c/personalfinance@lemmy.ml

20 comments fedilink hide all child comments

The 30-year fixed-rate mortgage averaged 7.09% in the week ending August 17, up from 6.96% the week before. Rates have been above 6.5% since the end of May and climbing higher since mid-July. This week’s average rate is the highest the 30-year, fixed-rate mortgage has been since April 2002 when it was 7.13%.

you are viewing a single comment's thread
view the rest of the comments

[-] init@lemmy.ml 5 points 1 year ago

Purchased a house at about the same interest rate weeks before the rates went up. I am also still amazed at the timing and where we are.

this post was submitted on 17 Aug 2023

98 points (100.0% liked)

Personal Finance

3799 readers

4 users here now

Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. Join our community, read the PF Wiki, and get on top of your finances!

Note: This community is not region centric, so if you are posting anything specific to a certain region, kindly specify that in the title (something like [USA], [EU], [AUS] etc.)

founded 1 year ago

MODERATORS

WandererLagomorph799@lemmy.ml

nieceandtows@programming.dev

nieceandtows@lemmy.ml