Mortgage rates jump to 6.7%, highest since 2007
Mortgage rates jump to 6.7%, highest since 2007
By Prashant Gopal | Bloomberg
Mortgage rates surged to the highest level since 2007, with higher borrowing costs turning the screws even tighter on the quickly cooling US housing market.
The average for a 30-year, fixed loan was 6.7%, up from 6.29% last week, Freddie Mac said in a statement Thursday. Rates tracked a surge in 10-year Treasury yields, which approached 4% earlier this…
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