Mortgage Rates Now at 20-Year High

Mortgage Rates Now at 20-Year High | Orange County Weekly Housing Report - Mark Ochoa Group

It’s official.  Mortgage rates are now at their highest level since April of 2002.

Believe it or not, even though interest rates have more than doubled since the beginning of the year, this isn’t completely bad news for homebuyers.

I know that’s a pretty bold thing to say, but I explain why I say this in this week’s Orange County Weekly Housing Report.

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