This is the first time since 2008 that mortgage rates top 6%.
Mortgage rates fell in 2008 but have now risen again.
Mortgage rates have risen to the highest level since 2008, crossing the 6% mark.
The average rate of the 30 year Fixed Red Mortgage in week one was 6.02% compared to 5.89% in the 1st week.
Mortgage rates are driven by their stubbornness to the already high inflation rates.
Just as mortgage rates are expected to rise, inflation numbers are rising.
Mortgage rates exceed 6% for the first time since the end of 2008.
This is the first time that mortgage rates have risen sharply during the first half of the year.