30-Year Mortgage Rates Pushing 6% Again

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,…