Economics
US Mortgage Rates Rise to 7.08%, Near Highest Level Since 2002
Photographer: Jeremy Erickson/Bloomberg
This article is for subscribers only.
Mortgage rates in the US jumped back above 7%.
The average for a 30-year, fixed loan rose to 7.08% from 6.95% last week, Freddie Mac said in a statement Thursday. Rates have been hovering around the highest levels in two decades.