US long-term mortgage rate bounce back to levels seen 4 weeks ago

Inflatie

The average long-term U.S. mortgage rate rose again this week, reflecting ongoing bond market volatility as surging oil prices due to the war with Iran heighten inflation worries. The benchmark 30-year fixed rate mortgage rate rose to 6.37% from 6.3% last week, mortgage buyer Freddie Mac said Thursday. That’s still down from one year ago, when the rate averaged 6.76%. This is the second straight weekly increase, bringing the average rate back to where it was four weeks ago. Borrowing costs on

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