Mortgage Rates Spike To New Record

Mortgage Rates Spike To New Record
Photo by Tierra Mallorca / Unsplash

This is not good.

Mortgage rates have spiked to a 9 year high. This new record is leaving millions of Americans concerned for what is to come for the house market. This is also preventing many home sales and builds.

Many Americans have been waiting out the mortgage spike due to not wanting to pay a high amount in mortgage. This is also hurting the house market significantly because of this.

Lowering mortgage rates is a major priority and is very necessary for the house market to get back to what it used to be.