30-year mortgage rate surges to 6.28%, up from 5.5% just a week ago

Econ & Housing

Jb Reed | Bloomberg | Getty ImagesMortgage rates jumped sharply this week, as fears of a potentially more aggressive rate hike from the Federal Reserve upset financial markets.The average rate on the popular 30-year fixed mortgage rose 10 basis points to 6.28% Tuesday, according to Mortgage News Daily. That followed a 33 basis point jump…

Thanks for reading The LBM Daily.
Join LBM Daily Premium or log in to continue reading.
Login Join Now

Articles You May Like

Leesburg man admits to stealing lumber to build barn
Atlanta greenlights 20k affordable housing units in northwest Atlanta neighborhood
Koopman Lumber & Hardware acquires Boilard Lumber in western Mass.
Consolidations increasing in the lumber industry
Montrealers face challenging moving day amid housing crisis