Mortgage Rates Jump to 7.5%, Home Buyers Pull Back Further, Demand Sags

The average weekly mortgage rate for conforming 30-year fixed mortgages rose to 7.49% in the current reporting week, the highest since mid-November 2023, according to the Mortgage Bankers Association today. This measure of the average 30-year fixed mortgage rate had been in the 6-7% range for over four years...