Discover the Shocking Truth About Today s Mortgage Rates

Discover the Shocking Truth About Today's Mortgage Rates

Mortgage rates move back above 7%. Today's headline is the most dramatic part of today's story on mortgage rates. The average top-tier 30 years fixed rate has been mostly operating in a 6-7% range since September 2022. There were several weeks in the low to mid-sevens in October, November and a few days in early March. Then, the mini-banking crisis unfolded and ushered rates to the bottom of the range. The debt ceiling debate is ongoing background noise, and while it may cause intraday volatility, it isn't something that will provide any lasting interest rate momentum, for better or worse. Rates were already quite close to 7% yesterday and today merely provided a gentle nudge. Start your home search today. Homes in Orlando. For Sale.

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