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Mortgage rates hit 7.49% — what it means for buyers, sellers and renters

Mortgage rates hit 7.49% — what it means for buyers, sellers and renters
Photo: WDIV ClickOnDetroit (NBC) - Local News · view original

Whether you want to buy, sell or rent right now, the housing market is not making it easy for anyone. Earlier this week, the 30-year fixed mortgage rate hit 7.49%. That is the highest it has been in nearly three years. During the pandemic, rates hit an all-time low of 2.65%. Homes were flying off...

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