Average rate on a 30-year mortgage climbs to highest level in 13 months
Mortgage rates rose again this week, driving the average long-term U.S. home loan rate to its highest level in more than a year.
TL;DR
- Mortgage rates increased this week.
- The average long-term U.S. home loan rate reached its highest level in over a year.
- This marks a significant rise in borrowing costs.