Mortgage Rates Rise for Fifth Week in a Row, Hitting 6.29%

Average US long-term mortgage rates climb to 6.29% this week

By MATT OTT AP Business WriterWASHINGTON (AP) — Average long-term U.S. mortgage rates jumped by more than a quarter-point this week to their highest level since 2008, a result of the Federal Reserve’s intensified effort to tamp down decades-high inflation and cool the economy. Mortgage buyer Freddie Mac reported Thursday that the 30-year rate climbed to 6.29% from 6.02% last week. That’s the highest its been since October of 2008 when the housin…

Mortgage rates rise to highest level since 2007 after latest Fed interest-rate hike

Interest rate on a typical 30-year mortgage rate has jumped by more than a quarter-point this week to 6.29%.

Average US long-term mortgage rates climb to 6.29% this week

Rates haven't been this high since just before the Great Recession in 2008.

Average U.S. long-term mortgage rates climb to 6.29% this week

WASHINGTON — Average long-term U.S. mortgage rates jumped by more than a quarter-point this week to their highest level since 2007 as the Federal Reserve intensified its effort to tamp down decades-high inflation and cool the economy. Mortgage buyer Freddie Mac reported Thursday that the 30-year rate climbed to 6.29%,

Mortgage Rates Hit 6.29%

While mortgage rates have been gaining through much of the year, the past two months have seen a significant increase.

Mortgage Rates Rise for Fifth Week in a Row, Hitting 6.29%

Rate on a 30-year fixed mortgage is at its highest level since October 2008