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The Independent UK
The Independent UK
National
Via AP news wire

Average long-term US mortgage rates highest in 12 years

United States Freddie Mac Inflation
Copyright 2021 The Associated Press. All rights reserved.

Long-term U.S. mortgage rates rose for the seventh straight week, climbing to their highest level in more than a decade.

The average rate on a 30-year mortgage rose to 5.11% from 5% last week, mortgage buyer Freddie Mac reported Thursday. The last time it was higher was in April of 2010 when it reached 5.21%. By contrast, a year ago the 30-year rate stood at 2.97%.

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