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2 weeks ago

Mortgage rates jump as inflation fears, Iran war weigh

Mortgage rates jumped this week, mortgage buyer Freddie Mac said Thursday.Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-year fixed mortgage climbed to 6.51% from last week's reading of 6.36%. The average rate on a 30-year loan was 6.86% a year ago."As rates fluctuate, aspiring buyers should remember that by shopping around for the best mortgage rate and getting multiple quotes, they can potentially save thousands," said Sam Khater, Freddie Mac's chief economist.LOS ANGELES LEADS NATION IN MASSIVE POPULATION EXODUS AS ‘BREAKI...