Current Mortgage Rates Hit 5% for the First Time in a Decade
Industry Update
April 14, 2022
Source: SFGate
The average interest rate on a 30-year fixed-rate mortgage has climbed to 5% for the first time in more than 10 years, according to Freddie Mac.
The rate increased 0.28 percentage points from last week and marks the first time the 30-year rate hit 5% since February 2011, when it averaged 5.05%.
For full report, please click the source link above.
Related Posts
Mortgage Delinquencies Increase in the Fourth Quarter of 2024
The delinquency rate increased to a seasonally adjusted rate of 3.98% in the fourth quarter of 2024, according to MBA’s National Delinquency Survey.
Scott Turner Confirmed as Secretary of Housing and Urban Development
Scott Turner was confirmed by the United States Senate to be the 19th Secretary of the U.S. Department of Housing and Urban Development.