DEBBIE WOOLARD

HOWARD HANNA REAL ESTATE SERVICES

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Mortgage Rates Surge to 7-year High After Fed Hike

October 4, 2018 by Debbie Woolard

Mortgage Rates Surge to 7-year High After Fed Hike

Mortgage Rates Surge to 7-Year High After Fed Hike
However, despite higher borrowing costs, prospective buyers appear to be having more success breaking into homeownership, according to Freddie Mac.

The 30-year fixed-rate mortgage jumped to 4.72 percent, up from 4.65 percent last week.