Market Updates
Mortgage Rates Jump to 5.78%, the Largest Weekly Jump Since 1987
Brian Turner
16 Jun, 2022
New York City
The 30-year fixed-rate mortgage rates jumped to 5.78% for the week ending June 16, an increase of more than half a percentage point and largest increase on a weekly basis since 1987, according to the survey conducted by Freddie Mac.
Mortgage rates have jumped little more than two-and-a-half percentage points from the beginning of the year and jumped from 2.93% a year ago.
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