Thinking about buying a home or refinancing your current one? Mortgage rates have just hit their highest point in months, making those plans potentially more expensive than you expected.
Mortgage rates recently surged to their highest levels since September, with the average 30-year fixed rate climbing above 7%. This jump is making homeownership significantly more expensive for many.
After a period of slight decline, rates have reversed course, impacting affordability and potentially cooling down the spring housing market.