U.S. Key 30-Year Mortgage Rate Spikes To 5.22%

U.S. Key 30-Year Mortgage Rate Spikes To 5.22%

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Watch VideoAverage long-term U.S. mortgage rates soared this week in a continued volatile market as the key 30-year loan rate jumped back over 5%.

Mortgage buyer Freddie Mac reports that the 30-year rate rose to 5.22% from 4.99% last week. By contrast, the rate stood at 2.87% a year ago.

The average rate on 15-year,...

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