Mortgage Rates in the US Restart Climb, Increasing to 5.51%

Source: Bloomberg — 

Mortgage rates in the US rose, resuming an upward climb that threatens to further cool the housing market. 

The average for a 30-year loan jumped to 5.51% from 5.3% last week, Freddie Mac said in a statement Thursday. It’s up from 3.11% at the end of last year.

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