US mortgage rates jump to highest level in 7 years

US mortgage rates jump to highest level in 7 years

US mortgage rates jumped this week to the highest level in almost eight years. Mortgage buyer Freddie Mac said Thursday that the average rate on a 30-year, fixed rate mortgage rose to 4.94 percent, from 4.83 percent last week. Higher rates are believed to have kept many would-be purchasers on the sidelines.

Simone
Simone
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