Mortgage rates surge to 20-year high, causing massive drop in home sales

(NaturalNews)

(Natural News) The 30-year mortgage rate is now at 20-year high 6.94 percent, according to finance company Federal Home Loan Mortgage Corporation's (FHLMC) latest weekly survey. As per FHLMC, also known as Freddie Mac, the 30-year mortgage rate was at 6.92 percent last week and only 3.09 percent on average last year.The report further … [Read More...]