Mortgage Rates Hit Highest Level Since 2008 In Latest Bleak Sign For Housing Market

Updated Sep 8, 2022, 11:03am EDT Topline Mortgage rates are at their highest level since the Great Recession, according to data released by Freddie Mac Thursday, as housing affordability continues to slump. Key Facts The 30-year fixed mortgage rate is now 5.89%, according to Freddie Mac, up from 5.66% last week and 2.88% at this…