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Mortgage Rates Extend Climb, Reach Highest Level Since April 2010

Friday, Apr 22 2022
Lending
Written by  The Mortgage Leader

Mortgage rates kept going up in the latest weekly reading, touching their highest point in a dozen years. So reports CNN.

arrow 2790272 640The 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%.

Read the full article from CNN. 

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