US Mortgage Rates Soar Past 7% for First Time in Two Decades

(Bloomberg) — Mortgage rates in the US crossed 7% for the first time in more than two decades. Most Read from BloombergNew Covid Boosters Aren’t Better Than Old Ones, Study FindsMusk Tells Twitter Staff He Doesn’t Plan to Cut 75% Of JobsUS Warns South African Economic Hub May Be Terror TargetAdidas Cuts Ties With Ye, Absorbing €250 Million Profit HitThe average for a 30-year, fixed loan rose to 7.08% from 6.94% last week, Freddie Mac said in a statement Thursday. That’s the first time the measu
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