Mortgage rates soar above 7%, reach 22-year high: Freddie Mac
By: Mortgage rates continued to break records and could go higher, according to Freddie Mac. (iStock) Mortgage rates hit a 22-year high this week with no signs of slowing, according to Freddie Mac. The average 30-year fixed-rate mortgage increased to 7.23% for the week ending August 17, according to Freddie Mac’s latest Primary Mortgage Market Survey….