Mortgage rates climbed sharply again this week, pushing borrowing costs to their highest level in nearly three years and adding another hurdle for Americans trying to purchase a home.
The average rate on a 30-year fixed mortgage rose to 7.28%, up from 7.03% a week earlier, according to Freddie Mac data released Thursday. Rates have now increased for six consecutive weeks, with the latest increase marking the largest one-week jump in nearly four years.
