Follow EDN on Social Media |

(+)Contact Us  (+)Got A Hot Tip?  (+)Join The EDN Team

Average mortgage rates jump by most in 35 years

by | Jun 16, 2022 | Headline Feed, Statewide

Average mortgage rates jump by most in 35 years
Average long-term U.S. mortgage rates made their biggest one-week jump in 35 years, one day after the Federal Reserve raised its key rate by three-quarters of a point in bid to tame high inflation.

WASHINGTON — Average long-term U.S. mortgage rates had their biggest one-week jump in 35 years with the Federal Reserve this week raising its key rate by three-quarters of a point in bid to tame high inflation.