The 30-year mortgage rate averaged 7.63% as of October 19, up from 7.57% a week earlier and 6.94% in the year-ago period, according to Freddie Mac.
Two years ago, the average rate was only 3.09%.
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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 Rise for Sixth Straight Week, Nearing 8%
U.S. long-term mortgage rates have risen for a sixth consecutive week as they remain at their highest since December 2000. So reports the Associated Press.
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