Living

U.S. Mortgage Rates Soar, Reaching Highest Since Late 2018

Average 30-year rate jumps to 4.67%, with 5% mark in sight
Borrowing costs post largest three-month gain since 1987

Mortgage rates are up more than a percentage point in the past two months. — Mortgage rates are up more than a percentage point in the past two months.
Photographer: Jacob Kepler/Bloomberg

Have a confidential tip for our reporters? Get in Touch

Before it’s here, it’s on the Bloomberg Terminal

By Jo Constantz

March 31, 2022 at 10:00 AM EDT

Updated on

March 31, 2022 at 11:47 AM EDT

This article is for subscribers only.

Mortgage rates in the U.S. continued their steep ascent, reaching a level not seen since December 2018.

The average for a 30-year loan was 4.67%, up from 4.42% last week, Freddie Mac said in a statement Thursday.

Have a confidential tip for our reporters? Get in Touch

Before it’s here, it’s on the Bloomberg Terminal