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Mortgage Rates Jump, 15-Year Average Hits 4-Week High

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investopedia.com/mortgage-rates-jump-15-year-average-hits-4-week-high-7569714

The average rate on a 30-year new purchase mortgage climbed for a third day on Thursday. Adding another 11 basis points, the flagship average is now up to 7.59%, which is its highest mark since July 10. The 30-year average swung dramatically last month, with rates spiking to a 20-year high of 7.70% on July 6, but then sinking to 7.17% one week later.
The 15-year mortgage…

This story from investopedia.com was posted on 2023-08-06 by @glowbug.

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