Mortgage rates surge past 7%, reaching highest level since November

Business

Mortgage Rates Surge Past 7%, Reaching Highest Level Since November

By CNN

Washington CNN — Mortgage rates soared this week, breaching the key 7% threshold and extending America’s home affordability crisis. The 30-year fixed-rate mortgage averaged 7.10% in the week ending April 18, up from 6.88% the previous week, according ...Read more