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Mortgage Rates Hit 7.09%, Highest in More Than 20 Years
Summary
The average mortgage rate rose to 7.09%, its highest level in more than 20 years, according to data released Thursday by mortgage giant Freddie Mac. This article also includes a list of coupon codes that can be used for tax filing services, resume writing, and other deals.
Q&As
What is the current average mortgage rate?
The current average mortgage rate is 7.09%.
How long has it been since mortgage rates have hit this high?
It has been more than 20 years since mortgage rates have hit this high.
Who released the data on mortgage rates?
The data on mortgage rates was released by Freddie Mac.
What company is mentioned in the article?
The company mentioned in the article is Dow Jones & Company, Inc.
What discounts are available for tax filing services?
Discounts of up to 15% are available for tax filing services.
AI Comments
👍 It's good to know that mortgage rates are going up, as it shows that the economy is doing well.
👎 The fact that mortgage rates are hitting their highest levels in more than 20 years is concerning, as it could make it difficult for people to afford a home.
AI Discussion
Me: It's about how mortgage rates have hit their highest level in more than 20 years.
Friend: Wow, that's a pretty significant jump. That could have an impact on a lot of people's finances.
Me: Exactly. Homeowners are going to be paying more money in interest payments and that could make it harder for people to pay off their mortgages. This could also make it harder for people to get approved for mortgages since rates are so high. There could also be an impact on the housing market since people may not be able to afford to buy a house with these high rates.
Action items
- Research current mortgage rates and compare them to the rates from 20 years ago.
- Consider refinancing your mortgage if the current rates are lower than your current rate.
- Reach out to a mortgage broker or lender to discuss your options for obtaining a mortgage.
Technical terms
- Mortgage Rates
- The interest rate charged on a mortgage loan.
- Freddie Mac
- A government-sponsored enterprise that provides liquidity to the mortgage market by buying and securitizing mortgages.
- Subscription
- A payment made regularly to receive a service or product.
- TurboTax
- A tax preparation software program.
- The Motley Fool
- A financial services company that provides investment advice.
- H&R Block Tax
- A tax preparation service.
- Top Resume
- A professional resume writing service.
- eBay
- An online auction and shopping website.
- Groupon
- A website that offers discounted deals on local services and products.