U.S. Mortgage Rates ‘Somehow, Some Way’ Rise Amid Market Turmoil
- The 30-year average rate rises to 3.36%, Freddie Mac says
- Lenders are struggling to manage an onslaught of business
Photographer: Daniel Acker/Bloomberg
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Rates for 30-year U.S. mortgages rose from a record low as overwhelmed lenders lifted borrowing costs to curb an onslaught of business.
The average rate was 3.36%, up from 3.29% last week, which was the lowest in 49 years of data-keeping, Freddie Mac said in a statement Thursday.