The 30-year rate is ‘at a critical stage,’ Lawrence Yun, chief economist at the National Association of Realtors, told MarketWatch
If the 30-year mortgage interest rate reached 8%, there would be serious consequences for the housing market.
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With mortgage rates firmly above 7%, homeownership has become much more expensive. But will rates go even higher?
Three experts told MarketWatch that if the economy continues to show signs of strength, and the U.S. Federal Reserve hikes its benchmark interest rate once again, rates could go up to 8%.
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