Benchmark Mortgage Rate Jumps Back Over 5 Percent

Aug 11, 2022 |

Having dropped under 5 percent for the first time in four months last week, driven by an “increased risk of a formal recession and declining consumer confidence overall,” the average rate for a benchmark 30-year mortgage has since jumped 23 basis points (0.23 percentage points) to 5.22 percent. With the jump over the past week, […more]

Posted in: San Francisco

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