The 30-year mortgage rate averaged 7.57% as of October 12, up from 7.49% a week earlier and 6.92% a year before, according to Freddie Mac.
The benchmark home loan has averaged above 6% since September 2022.
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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.
Estimated reading time: 0 minutes, 18 seconds
Mortgage Rates, at Post-2000 Highs, Rise for Fifth Straight Week
The average U.S. long-term mortgage rate has increased for a fifth consecutive week, remaining at the highest since December 1, 2000. So reports The Associated Press.
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