Mortgage rates just spiked up to 7.3%. How homebuyers can shop around for the lowest rate

On Tuesday, the average 30-year fixed mortgage rate jumped back up to 7.34%. That coupled with home prices that rose dramatically during the pandemic, and in some markets, are still rising, has deteriorated affordability. It’s pricing buyers out of the market, at a time when supply is already…#vellummortgage #johndowns #fortune #fha

Source: Reuters: Health - August 17, 2023 Category: Consumer Health News Source Type: news