Average long-term US mortgage rates jump; 30 years now 3.45%
SILVER SPRING, Md. (AP) — Average long-term U.S. mortgage rates jumped again last week, hitting their highest level since March 2020, just as the coronavirus pandemic erupted in the U.S.
Mortgage buyer Freddie Mac reported on Thursday that the average rate on the benchmark 30-year home loan rose to 3.45% this week from 3.22% last week. It was 3.5% at the end of March 2020, when the pandemic was just beginning. A year ago, the 30-year rate was 2.79%.