U.S. Mortgage Rates Spike to Highest Since November, Approach 22-Year High

Reuters, Aug. 9, 2023–Safiyah Riddle
The average U.S. 30-year mortgage rate jumped to a nine-month peak on Wednesday and hit the second-highest rate since 2001, as interest rates reacted sharply to a downgrading of U.S. government debt.
Joel Kan, the Mortgage Bankers Association’s vice president and deputy chief economist, pointed to Fitch’s recent downgrading of U.S. government debt, which affected all types of loans on the weekly survey.
https://www.reuters.com/markets/us/us-mortgage-rates-spike-highest-since-november-approach-22-year-high-2023-08-09/