The average for the 30-year fixed-rate mortgage was 5.11% in the week ending April 21, up 11 basis points from a week earlier and the highest level for the benchmark rate since April 2010, according to Freddie Mac. It’s the seventh straight weekly increase. A year ago, the 30-year mortgage averaged 2.97%.
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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 Extend Climb, Reach Highest Level Since April 2010
Mortgage rates kept going up in the latest weekly reading, touching their highest point in a dozen years. So reports CNN.
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