By Jeff Ostrowski
From Bankrate.com
Mortgage rates are climbing fast. The national average rate on a 30-year mortgage rose to 5.91 percent this week, surging from just 2.87 percent in August 2021, according to Bankrate’s national survey of lenders.
How Will the Sharpest Rise in Mortgage Rates in 3 Decades Affect Home Prices?
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A sale pending sign is posted in front of a home for sale in San Anselmo, Calif., on March 18, 2022. Justin Sullivan/Getty Images
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