Mortgage Rates Jump to Levels Not Seen Since 2008 as Home Affordability Worsens

Mortgage Rates Jump to Levels Not Seen Since 2008 as Home Affordability Worsens
Your neighborhood is a factor in your dementia risk, but changes can be made to reduce your risk. Joe Raedle/Getty Images
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U.S. mortgage rates rose again last week, reaching close to a 14-year high, according to Freddie Mac in a statement on June 23.

The average rate for a 30-year loan hit 5.81 percent, up from 5.78 percent last week, after reaching its largest one-week jump since 1987, while rates diverged from the decline in yields for 10-year treasuries.

Bryan Jung
Bryan Jung
Author
Bryan S. Jung is a native and resident of New York City with a background in politics and the legal industry. He graduated from Binghamton University.
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