Mortgage Rates Hit 7.23%, Highest Since 2001

Borrowing costs have risen more than the benchmark Treasury yields they track, pushing up interest rates for buyers

Applications for purchase mortgages dropped to their lowest levels since 1995, the Mortgage Bankers Association said this week. Chona Kasinger for The Wall Street Journal

Mortgage Rates Hit 7.23%, Highest Since 2001

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Mortgage Rates Hit 7.23%, Highest Since 2001

Borrowing costs have risen more than the benchmark Treasury yields they track, pushing up interest rates for buyers

EDITOR'S PICK

EP NEWSROOM

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