Mortgage rate races toward 8% after hitting a high not seen since late 2000
PUBLISHED TUE, OCT 3 202312:52 PM EDTUPDATED TUE, OCT 3 20231:51 PM EDT
By: Diana Olick
The average rate on the popular 30-year fixed mortgage rose to 7.72% on Tuesday, according to Mortgage News Daily.
Mortgage rates follow loosely the yield on the 10-year Treasury, which has been climbing this week following strong economic data. Rates have not been this high since the end of 2000.
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