According to Freddie Mac, the average on the fixed-rate 30-year mortgage was 3.45% in the week ending January 13, an increase of 23 basis points from the previous week.
That’s the benchmark’s peak since touching 3.5% in March 2020.
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MMG's Bodnar: We've Been Watching This Movie All Year Bill Bodnar of the Mortgage Market Guide breaks down the jobs report, why and how it came in above expectations, and what that means just days ahead of the Fed meeting.
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Mortgage Rates Surge to Highest Level Since March 2020
U.S. long-term mortgage rates have logged their second major leap of the year, soaring to their highest since the early days of the pandemic. So reports CNN.
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