Mortgage rates top 7% for the first time in more than 2 years
Mortgage rates soared past 7% last week, hitting their highest level in more than two years, according to data from the Mortgage Bankers Association. 30-year fixed-rate mortgages rose to 7.12% the week ending Sept. 18, the MBA said. It last reached that level in May 2024, according to the mortgage industry group. Higher rates increase … Read more