Mortgage Rates Linked to Bonds
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Business & Economics
What happens if mortgage rates go up to 8%?

78% Informative
Mortgage rates are closely interconnected with the bond market.
The last time mortgage rates touched 8% was less than two years ago , on Oct. 19, 2023 .
A Fed rate cut might not help lower mortgage rates.
A shift from home buyers 'chasing 3% ' to focusing on what they can afford now, an expert says.
The highest mortgage rate recorded by Freddie Mac was 18.63% in October 1981 .
The 54-year average for a 30-year fixed mortgage is about 7.75% .
Affordability is determined by the price of the home you want to purchase, the down payment you have saved and the debt you currently carry.
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