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Mortgage rate experts send strong message as rates soar

THE STREET·May 22 ago·3 min read
Photograph via The Street
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I can't say I was surprised that Freddie Mac's mortgage rates increased on May 21. But I did raise my eyebrows when I saw just the significance of an incline we were dealing with. The average 30-year fixed mortgage rate spiked by 15 basis points to 6.51%. This is the first time it's surpassed 6.5% …

I can't say I was surprised that Freddie Mac's mortgage rates increased on May 21. But I did raise my eyebrows when I saw just the significance of an incline we were dealing with. The average 30-year fixed mortgage rate spiked by 15 basis points to 6.51%. This is the first time it's surpassed 6.5%…

I can't say I was surprised that Freddie Mac's mortgage rates increased on May 21. But I did raise my eyebrows when I saw just the significance of an incline we were dealing with. The average 30-year fixed mortgage rate spiked by 15 basis points to 6.51%. This is the first time it's surpassed 6.5% …

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