Mortgage rates spike to their highest level in nearly 13 years

May 5, 2022 |

After a brief pause, mortgage rates resumed their rapid ascent this week. According to data released Thursday by Freddie Mac, the 30-year fixed-rate average climbed to 5.27% with an average 0.9 point. (A point is a fee paid to a lender equal to 1% of the loan amount. It is additional to the interest rate.) […more]

Posted in: San Francisco

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