Average long-term U.S. mortgage rates jumped again this week as the 30-year loan rate climbed to its highest level since January of 2019.
Mortgage buyer Freddie Mac reported Thursday that the average rate on the 30-year loan this week jumped to 4.42% from 4.16% last week. They’ve risen more than a half-point in the past two weeks. That’s a sharp contrast from last year’s record-low mortgage rates of under 3%. A year ago, the 30-year rate stood at 3.17%.
That's nothing. My parents mortgage interest rates started from 12% to 10% to 8% after 15 years.
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