Mortgage Rates Reach Decade High

Here's what you need to know.

Mortgage rates have reached a new high with many individuals losing interest in the house market because of this. The current house market is in shambles and many individuals are waiting to spend their money on a house due to the high mortgage rates.

Mortgages rates have jumped to over 6.5% which is a decade high which has not been seen since 2008. Many individuals are losing interest and their money in the current house market due to the high mortgage rates. These mortgage rates are getting worse and worse due to the loss of consumer interest.

Experts suggest that the house market is set to get even worse as time passes.