Realty News

30-year mortgage rate rises to 6.28%, up from 5.5% simply a week back

Jan 7, 2023

Mortgage rates jumped sharply this week, as fears of a potentially more aggressive rate hike from the Federal Reserve upset financial markets.

The average rate on the popular 30-year fixed mortgage rose 10 basis points to 6.28% Tuesday, according to Mortgage News Daily. That followed a 33 basis point jump Monday. The rate was 5.55% one week ago.

Jb Reed Bloomberg

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