Our experts answer readers' home-buying questions and write unbiased product reviews (here's how we assess mortgages). In some cases, we receive a commission from our partners; however, our opinions are our own.
After spending most of the month hovering right around 7%, 30-year mortgage rates spiked above 7.30% this week.
Mortgage rates were higher in September than they've been in nearly 23 years, according to Freddie Mac. But there are signs that we may have finally hit a peak in rates, and could start to see them trend down soon.