Mortgage rates headed to 8 percent territory if Fed keeps up hike pace: Freddie Mac

Mortgage Rates pushed to a new high last week as the market reacted to uncertainty over the Federal Reserve's next move and the geopolitical climate, according to Freddie Mac. The average 30- year fixed-rate mortgage increased to 7.57% for the week ending Oct. 12, according to Freddie Mac's latest Primary Mortgage Market Survey. Higher mortgage rates have…