Mortgage Rates Surpass 6 Percent for the First Time Since 2008

Washington Post, Sept. 15, 2022–Kathy Orton
Mortgage rates shot above 6 percent this week for the first time in 14 years as inflation has remained resistant to the Federal Reserve’s efforts to tamp it down. The dramatically swift escalation has chilled what had been a hot U.S. housing market, increasing pressure on an economy plagued by unremitting inflation. (MBA mention)