7% mortgages are back with a vengeance

Continued economic growth and persistent inflation are causing mortgage rates to rise again, which exceeded 7% on Thursday. Economists say it could be some time before they start ticking back. The 30-year fixed-rate mortgage rose 16 basis points to 7.10% on Thursday, March 2, from Wednesday’s 6.94. latest survey by Freddie Mac The 30-year fixed-rate […]