#931 - Mortgage Rates Surged to 3.63% Last Week — The Highest They’ve Been Since April 2020
News For Reasonable People
English - January 20, 2022 12:00 - 24 minutes - 17.4 MB - ★★★★★ - 7 ratingsInvesting Business Entrepreneurship san francisco trending news protests defund the police antifa blm seattle conservative republican journalism Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
The average 30-year fixed mortgage rate jumped up again last week, to 3.63% — the highest it’s been since April 2020.
Last week’s jump — rising by 23 basis points — is the largest weekly increase in nearly 2 years. It’s also the third week in a row that rates increased. The rising rates can be partly attributed to a recent surge in inflation, experts say, which new data shows hit a 40-year high in December.
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