Mortgage rates higher on inflation jitters

Worries about inflation pushed mortgage rates up this week, Freddie Mac reported today.

The average rate on 30-year fixed-rate loans jumped to 6.03 percent in the latest survey, up from 5.88 percent last week, while the average rate on 15-year fixed loans climbed from 5.4 percent to 5.62 percent. A year ago the 30-year averaged 6.16 percent and the 15-year averaged 5.87 percent.

more...

To continue reading sign in to your Premium Member account.

Premium Members have full access to all news archives.

Buy Now Purchase 1-year Premium Membership - $149.95

OR

Buy Now Purchase Monthly Premium Membership - $19.95

All rights reserved. This content may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this content without permission is a violation of federal copyright law.