When was the Last Time Mortgage Interest Rates Were So High?
Mortgage interest rates skyrocketed in 2023 to rates this country hasn’t seen since the 1990s. The sharp increase happened quickly, starting from a historic record low of 2.6 percent in January 2021 and soaring to 7.79 percent in October 2023. But while the jump raised eyebrows around the country, that high wasn’t far from historical…