Why are mortgage interest rates going up? Discover the current landscape of mortgage interest rates, which have reached an astonishing 8%, marking a 23-year record high. These rates haven’t been this high since the early 2000s and the period prior to the 2008 market crash. Despite the recent decision by the Federal Reserve not to increase rates during their last meeting, we’ve witnessed rates surge to 8%. Evidently, the Federal Reserve’s fund rate is not the sole player influencing these rates. In this video, we’ll delve into the various factors that affect mortgage interest rates, shedding light on their impact on the housing market.