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Business Report: Mortgage rates climb

The rate for a 30-year conventional mortgage is now above 7%

10/12/2022

NJ Spotlight News

Business Report: Mortgage rates climb

Clip: 10/12/2022 | 2m 43sVideo has Closed Captions

The rate for a 30-year conventional mortgage is now above 7%

Rates for a 30-year conventional mortgage continue to climb; they topped 7% in Wednesday’s market. Jessica Lautz, a vice president at the National Association of Realtors, says would-be home buyers are getting priced out of the market.

10/12/2022

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