Mortgage Rates Soar to their Highest Level Since Late June

Washington Post, Sept. 1, 2022–Kathy Orton
The 10-minute speech given by Federal Reserve Chair Jerome H. Powell last week continues to impact mortgage rates. According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average climbed to 5.66 percent with an average 0.8 points. (MBA mention)