Mortgage Rates Surge, Biggest Weekly Gain in Four Years
Rates for 30-year fixed-rate mortgages increased to 7.28% from 7.03% this week, marking the largest weekly jump since October 2022. This surge is a significant indicator of how the recent bond market selloff is impacting the broader economy.
Mortgage rates posted their largest weekly increase in four years this week, underscoring how the recent bond-market selloff is feeding into the broader economy. 03%, the biggest jump since October of 2022.