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.
The still-heated economy and uncertainty over whether it will cool sufficiently has pushed mortgage rates up in recent weeks. Average 30-year mortgage rates are closer to 8% than they've been in 23 years, reaching 7.79% this week, according to Freddie Mac.
Average 15-year mortgage rates are also extremely high, and have surpassed 7% for the first time since December 2000.