Tag Archives: Houston’s housing market is getting pricey as mortgage rates lock in at record numbers

HOUSTON, Texas (KTRK) — Mortgage rates are the highest they’ve been in more than 20 years, according to a federal home loan mortgage corporation, Freddie Mac. The average 30-year fixed mortgage rate was below 3% for much of 2020 and 2021. In October, rates hit 7.79%, and it hasn’t been that high since 2000. Kyle Alexander, a real estate advisor with Engel & Volkers …

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