Buyer’s Step Back After Mortgage Rates Jump to 7.4%
Following several weeks of steady declines, mortgage rates continue to rise each week as consumer prices soar. This week, the 30-year mortgage rate rose to 7.4% from 6.73% the week before and 6.64% the week prior. 2023 was off to a strong start as people returned from holiday vacations and rates declined but as rates begin…