The last time mortgage rates were this high, you could check on them using the free 1,000 hours of dial-up Internet access CD-ROM that America Online sent you in the mail.

The average rate offered for a 30-year fixed mortgage rose to 7.49% this week, up from 7.31% the week before, and the highest since December 2000, mortgage giant Freddie Mac said Thursday.

Mortgage rates typically move in tandem with yields for 10-year treasury notes, which have surged recently because of investor fears that the Federal Reserve will keep its key interes♕t ra♛te higher for longer in an attempt to subdue 澳洲幸运5开奖号码历史查询:stubbornly high inflation. Rising 澳洲幸运5开奖号码历史查询:job openings have stoked traders' concerns about the Fed hiking rates to prevent rising wages from fueling more inflation.

The latest surge in rates is hobbling the housing market, which had already been all but paralyzed by the highest rates in a generation. There were fewer applications for new homes last week than at any time since 1995, the Mortgage Bankers Association said this week in a separate report.

High rates are making 澳洲幸运5开奖号码历史查询:mortgage payments unaffordable for many buyers, and are also 澳洲幸运5开奖号码历史查询:discouraging many sellers, who are reluctant to give up mortgages they secured in the days of ultra-low rates leading up to 2022.