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Mortgage Rates continues to rise

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Published 8:37 AM

(KYMA,KECY/CNN) - Mortgage rates have reached their highest level since 2008

Freddie mac reports the 30-year fixed-rate mortgage now averages around 5.9 percent...

The rates have been rising since the federal reserve began efforts to reduce inflation.

The fed does not set interest rates for mortgages directly... But it can influence them.

Experts say home buyers can expect mortgage rates to stay in the range of 5 to 6 percent over the next few months.

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Chelsie Burroughs

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