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30-Year Mortgage Rates Pushing 6% Again

30-Year Mortgage Rates Pushing 6% Again

CalculatedRisk by Bill McBride's avatar
CalculatedRisk by Bill McBride
Aug 29, 2022
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CalculatedRisk Newsletter
CalculatedRisk Newsletter
30-Year Mortgage Rates Pushing 6% Again
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After reaching 6.28% on June 14th, 30-year mortgage rates decreased to a low of 5.05% on August 1st according to Mortgagenewsdaily.com. Since then, rates have been moving up, and rates increased today to 5.95%, probably due to Fed Chair Powell’s speech on Friday.

A few key excerpts from Powell’s speech that impacted rates:

While higher interest rates,…

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