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Mortgage Rates

U.S. Mortgage Rates Surge to the Highest Level in More than Two Years



Photographer: Johnny Milano/Bloomberg
Updated on

Mortgage rates in the U.S. jumped to the highest level since January 2020, before the pandemic rocked financial markets. 

The average for a 30-year loan was 3.69%, up from 3.55% last week, Freddie Mac said in a statement Thursday. That was the highest since Jan. 2, 2020, when rates averaged 3.72%.