“Mortgage Rates in US Surge to 20-Year High, Reaching 6.92%”
October 14, 2022
“…The average for a 30-year, fixed loan climbed to 6.92% from 6.66% last week, Freddie Mac said in a statement Thursday…
Mortgage rates have been pushing toward 7% in recent weeks. Other measures have signaled that borrowing costs have crossed that threshold, with Mortgage News Daily, which releases a new figure more routinely, reporting that the rate on a 30-year fixed loan was 7.05% Thursday.
The monthly payment on a $300,000 mortgage now would be $1,980, about $679 more than in January, when the 30-year average was 3.22%…”
https://finance.yahoo.com/news/us-mortgage-rates-surge-highest-140000135.html