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Long-term US mortgage rates up to 4.42%, highest since 2019


AP Business Writer

WASHINGTON (AP) — Average long-term U.S. mortgage rates jumped again this week as the 30-year loan rate climbed to its highest level since January of 2019. The increase comes after the Federal last week increased the key rate _ which it had kept near zero since the pandemic recession struck two years ago _ by more than a quarter point. The central bank has signaled potentially up to seven additional rate hikes this year. Mortgage buyer Freddie Mac reported Thursday that the average rate on the 30-year loan this week jumped to 4.42% from 4.16% last week. They’ve risen more than a half-point in two weeks. 

Article Topic Follows: AP National Business

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