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Mortgage Rates Surge to 4.42%, Highest Since January 2019

  • Borrowing costs track latest jump in 10-year Treasury yields
  • Freddie Mac economist sees mounting pressure on homebuyers
No Sign of Buyers' Strike in Housing: Altos Research CEO
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Mortgage rates in the U.S continued their rapid rise, reaching a level not seen in more than three years.

The average for a 30-year loan was 4.42%, up from 4.16% last week and the highest since January 2019, Freddie Mac said in a statementBloomberg Terminal Thursday.