Mortgage Rates Surge to 13-Month High | Grand Rapids News

Mortgage rates just hit a 13-month high at 6.71%, adding $350 a month to borrowers’ bills — fueled by inflation fears tied to Iran’s conflict and rising oil prices. Despite the climb, home demand stays strong, especially from millennials hitting their buying prime. Experts predict rates will stay elevated for at least two years, so focus on your budget first: figure out what you can afford monthly, then shop accordingly — locking in now might save you big later. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/5aa863aaa4b887f9