Why Are Mortgage Interest Rates Going Up

Why are mortgage interest rates going up? Discover the current landscape of mortgage interest rates, which have reached an astonishing 8%, marking a 23-year record high. These rates haven’t been this high since the early 2000s and the period prior to the 2008 market crash. Despite the recent decision by the Federal Reserve not to increase rates during their last meeting, we’ve witnessed rates surge to 8%. Evidently, the Federal Reserve’s fund rate is not the sole player influencing these rates. In this video, we’ll delve into the various factors that affect mortgage interest rates, shedding light on their impact on the housing market.

About the Author
Karan Singh
My brand thrives on building meaningful relationships with clients, colleagues, and co-workers. Consider me your passionate ally in helping you and your family craft a future as solid as the foundation of your dream home.

For the past 8 incredible years, I’ve been on a mission to turn the elusive “”American Dream”” into a tangible reality for home buyers. Think of me as your guide, relentlessly searching for that perfect home at the perfect price. And for sellers, I’m the secret weapon to ensuring your property gets snatched up for top dollar, faster than you can say “”sold!””

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