Mortgage Rates Hit 5.27%, Highest Level Since 2009

From January to April, mortgage rates rose at their fastest three-month pace since 1994.



Photo:

tannen maury/Shutterstock

The steady climb in mortgage rates shows no sign of slowing down.

The average rate for a 30-year fixed-rate home loan rose to 5.27% from 5.1% a week earlier, housing-finance giant

Freddie Mac

said Thursday. That marked the weekly figure’s highest reading in nearly 13 years.

Thursday’s…

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