By Rob Sabo Wednesday, July 20, 2022 The sudden surge in mortgage interest rates has all but scuttled the once-trendy mortgage refinance business at some regional banks, and it’s also created a much-needed buffer for prospective homebuyers scouting the market for suitable properties. In June 2021 the average mortgage interest rate was a historically low 2.98 percent. This June interest rates spiked to 5.83 percent – a jump that translates into $1,000 more in monthly mortgage payments for the m... read more