30-year mortgage rate surges to 6.28%, up from 5.5% just a week ago
PUBLISHED TUE, JUN 14 20223:31 PM EDTUPDATED 5 HOURS AGO
https://www.cnbc.com/2022/06/14/30-year-mortgage-rate-surges…
Rising rates have caused a sharp turnaround in the housing market. Mortgage demand has plummeted. Home sales have fallen for six straight months, according to the National Association of Realtors. Rising rates have so far done little to chill the red-hot home prices fueled by historically strong, pandemic-driven demand and record low supply.