Current Mortgage Rates Hit 5% for the First Time in a Decade
Industry Update
April 14, 2022
Source: SFGate
The average interest rate on a 30-year fixed-rate mortgage has climbed to 5% for the first time in more than 10 years, according to Freddie Mac.
The rate increased 0.28 percentage points from last week and marks the first time the 30-year rate hit 5% since February 2011, when it averaged 5.05%.
For full report, please click the source link above.
Related Posts
Tulsa Designates June as Housing Month Amid Push to Expand Affordable Housing
June 2026 has been officially designated Housing Month in Tulsa, underscoring efforts to address housing shortages, improve affordability, and revitalize neighborhoods.
Departing FHA Commissioner on His Achievements, and the Road Ahead
Frank Cassidy announced that he has stepped down from his role as Assistance Secretary for Housing and FHA at HUD.