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…

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