What a 7% Mortgage Rate Really Means for Your Monthly Payment
by Meredith Dietz from Lifehacker on (#65CTV)
This week the long-term U.S. mortgage rate jumped to 7.08%, according to the Federal Home Loan Mortgage Corporation (aka Freddie Mac). This is a 0.14 percentage point increase from a week earlier, making it the first time in more than two decades that the mortgage rate has been over 7%.