Mortgage Rates Jump to Highest Level in Nearly Three Years

Mortgage Rates Jump to Highest Level in Nearly Three Years

What happened to mortgage rates this week? The Freddie Mac 30-year fixed-rate mortgage climbed 25 basis points to 7.28% this week, reaching its highest level in nearly 3 years. This jump is the largest weekly increase since October 2022. The 10-year Treasury yield hit its highest level in roughly 20 years as markets weighed oil
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