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 oilRead …
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