Tim Conway Jr

Tim Conway Jr

Listen to Tim Conway Jr. Weekdays from 6 PM - 10 PM on KFI AM 640!Full Bio

 

Mortgage Rates Hit 20-Year High

Mortgage rates topped 7% this month, the highest point in two decades.

  • The average rate for a 30-year fixed mortgage was 7.08% this week - more than double the rate at the beginning of the year.
  • The Federal Reserve has been raising interest rates in an attempt to slow inflation - but it's led to home sales dropping for eight consecutive months.

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