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What Do 7% Mortgage Rates Mean for Homebuyers?

sakchai vongsasiripat/Getty Images NEW YORK – The average rate on the standard 30-year fixed mortgage rose to 7.09%, according to Freddie Mac’s latest weekly survey. Some experts say that’s close to an expected high and predict that they’ll drop at least a bit by the end of the year. But some expect rates to remain […]

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Home buying What Do 7% Mortgage Rates Mean for Homebuyers? sakchai vongsasiripat/Getty Images NEW YORK – The average rate on the standard 30-year fixed mortgage rose to 7.09%, according to Freddie Mac’s latest weekly survey. Some experts say that’s close to an expected high and predict that they’ll drop at least a bit by the end of the year. But some expect rates to remain […]

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