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The impact of 7% Mortgage Rates

The impact of 7% Mortgage Rates

CalculatedRisk by Bill McBride's avatar
CalculatedRisk by Bill McBride
Aug 04, 2023
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CalculatedRisk Newsletter
CalculatedRisk Newsletter
The impact of 7% Mortgage Rates
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According to MortgageNewsDaily.com 30-year mortgage rates are at 7.11% today for top tier scenarios.

This is the longest stretch above 7% since last October. The graph below from MortgageNewsDaily.com shows 30-year mortgage rates since 2010. Excluding the runup last year, the last time we saw rates this high was in 2001.

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