❗Help close the gap: We still need to raise $40,000 by the end of March. Donate now

Mortgage rates hit highest level in 7+ years

Jed Kim Oct 12, 2018
HTML EMBED:
COPY

Mortgage rates hit highest level in 7+ years

Jed Kim Oct 12, 2018
HTML EMBED:
COPY

It’s getting more expensive to get a mortgage. Data out this week from Freddie Mac shows the average 30-year fixed-rate mortgage is 4.9 percent. That’s the highest it’s been in seven years. What does that mean for prospective home buyers? 

 

There’s a lot happening in the world.  Through it all, Marketplace is here for you. 

You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible. 

Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.