US Mortgage Rates Rise Again, Reach Highest Since Mid-February
This article is for subscribers only.
US mortgage rates rose again last week, reaching the highest level since mid-February and further depressing the appetite to buy homes or refinance loans.
The contract rate on a 30-year mortgage climbed 9 basis points to 6.90% in the week ended April 18, according to Mortgage Bankers Association data released Wednesday. That followed a 20 basis-point jump in the prior week, marking the biggest back-to-back increase since early November.