The 30-year fixed mortgage in the U.S. has risen to its highest level in 23 years

Mortgage rates have spiked during the Federal Reserve’s historic inflation-curbing campaign.

 
U.S. mortgage rates surged to their highest level in nearly 23 years as inflation pressures persist.

The average rate on the popular 30-year fixed mortgage has risen to 7.72%.

Rates have not been this high since the end of 2000.

James Rodriguez, Senior Real Estate Reporter with Insider joins Veronica Dudo to discuss. #money #economy #housing #housingmarket #residential #realestate