https://www.realtor.com/news/trends/mortgage-rates-surge-to-22-year-high-but-glimmer-of-optimism-ahead/
For the week ending Aug. 24, rates for a 30-year fixed-rate home loan averaged 7.23%, a 22-year high, according to Realtor.com. While the latest uptick continues to erode affordability for prospective buyers in the for-sale market, housing experts such as Realtor.com economist Jiayi Xu say those rate hikes could decelerate in a cooler fall market.
Mortgage Rates Reach 22-Year High, but Economists Are Optimistic
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