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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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.
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.