Mortgage Rates Climb to Highest Point in Over a Decade as Home Sales Tumble

Mortgage Rates Climb to Highest Point in Over a Decade as Home Sales Tumble
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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Mortgage rates across the United States have been steadily increasing over the past several weeks and are now approaching record high levels.

Fixed-rate 30-year mortgage loan rates rose for the sixth consecutive week, rising by 28 basis points from 4.72 to 5 percent for the week ending April 14, Freddie Mac reported. This is the first time in more than a decade that mortgage rates have averaged 5 percent.
Naveen Athrappully
Naveen Athrappully
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Naveen Athrappully is a news reporter covering business and world events at The Epoch Times.
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