98
Mortgage rates soar to their highest level in 21 years (www.cnn.com)
submitted 2 years ago by 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
[–] 2 points 2 years ago

My wife wants to build a house, and I told her we'll think about it once rates come down a bit, otherwise we'll just build with cash later in life.

  • permalink
  • fedilink
  • source
  • parent