Economic Report: Mortgage rates surge to 6.94%, a 20-year high, leading to steep decline in home sales Posted on October 21, 2022 By Charlielikes The 30-year mortgage rate is averaging at 6.94%, Freddie Mac said in its latest weekly survey on Thursday. Stock Market Tags:‘a, ‘to, 20-year, 6.94%,, decline, economic, high, home, in, leading, market, mortgage,, rates, report, sales, steep, stock, stock market, surge