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30-year mortgage rate tops 5%

9 hours ago ago from How to Invest Today

The average interest rate on a 30-year fixed rate mortgage is above 5% for the first time since Halloween. The average 30-year rate this week was 5.05%, up from 4.94% last week, mortgage finance giant Freddie Mac said today. The last time the average rate was above 5% was on Oct. 29, when it was at 5.03%. The rise in rates comes as yields on Treasury debt have surged in the face of declining investor demand. The yield on the 10-year ...

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