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Mortgage Rates Rise for Fifth Week in a Row, Hitting 6.29%
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Mortgage rates rose for the fifth consecutive week, reaching yet again the highest level since the financial crisis.
The average rate on a 30-year fixed mortgage climbed to 6.29%, according to a survey of lenders released Thursday by Freddie Mac . It was the second week in a row that rates topped 6%. The last time rates were this high was October 2008, when the U.S. was deep in recession.
Read more on wsj.comAbout this in other media
When Interest Rates Rise Fast, Markets Tend to Break: How to Spot the Cracks wsj.com /1 year ago
Property prices dropped further in September and falls ‘could accelerate’ again with rate rise theguardian.com /1 year ago
NatWest raises mortgage rates in line with its rivals theguardian.com /1 year ago
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