Average 30-Year Mortgage Rate Reaches 7%, Highest Since May Amid Rising Costs
The average 30-year mortgage rate has hit 7%, marking its fifth consecutive increase and the highest level in eight months. Average 30-Year Mortgage Rate Reaches 7%, Highest Since May Amid Rising Costs Los Angeles: So, the average rate for a 30-year mortgage just climbed to over 7%. That’s the highest it’s been in eight months,…