Mortgage rates pass 6%, highest since 2008 crash
Mortgage rates pass 6%, highest since 2008 crash
(NewsNation) — As interest rates skyrocket, mortgage demand is dropping.
According to the Mortgage Bankers Association, the average 30-year fixed mortgage rate right now is just over 6%. Rates are the highest they’ve been since the 2008 housing crash.
Buyers and sellers are now at a stand-still as the housing market slows down. NewsNation business contributor Lydia Moynihan says it’s all tied to…