Tag Archives: decade

US mortgage rates cross 5% for first time in a decade

The 30-year fixed mortgage rate has reached the 5% mark, hitting its highest level in more than 10 years as inflation continues to soar. Freddie Mac’s weekly primary mortgage market survey showed that the average 30-year fixed-rate mortgage jumped to 5% as of April 14 from 4.17% the week prior. A year ago, the benchmark […]