US Mortgage Rates Surge to Highest Since November, Hitting 7.1%
- Affordability issues have been weighing on home purchases
- Median monthly housing payment has hit a record, Redfin says
Homes in Issaquah, Washington. The average for a 30-year, fixed loan was 7.1%, up from 6.88% last week.
Photographer: David Ryder/BloombergThis article is for subscribers only.
Mortgage rates in the US climbed past 7% for the first time this year.
The average for a 30-year, fixed loan was 7.1%, up from 6.88% last week, Freddie Mac said in a statement Thursday.