According to Freddie Mac, the 30-year fixed-rate mortgage averaged 5% in the week ending April 14, up from 4.72% the prior week.
That’s the first time the rate has hit 5% since February 2011.
-
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.
Estimated reading time: 0 minutes, 20 seconds
Mortgage Rates Hit 5% for First Time Since 2011
Mortgage rates have reached another milestone in their recent rise from historic lows, with the benchmark mortgage product touching 5% for the first time in more than a decade. So reports MarketWatch.
MOST READ STORIES
Fast,Easy & Free
