Mortgage rates just hit a 22-year high—it’ll continue to be a ‘drag on home sales,’ Realtor.com chief economist says
By: Sydney LakeSeptember 29, 2023 at 10:33 AM Getty ImagesThe 30-year fixed-rate mortgage just hit its highest point in nearly 23 years, coming in at 7.31% on Thursday. While the mortgage rate has fluctuated somewhat during the past few months, it’s stayed heartily above 6%. This time last year the rate was 6.7%. But above…