Mortgage Rates Top 4% for the First Time Since 2019

The era of ultralow mortgage rates is over.

The average rate for a 30-year fixed mortgage topped 4% for the first time since May 2019, Freddie Mac said Thursday. At the beginning of the year, the average rate on America’s most popular home loan was 3.22%. It hit a record low of 2.65% in January 2021 and spent more than half the year under 3%.

https://www.wsj.com/articles/mortgage-rates-top-4-for-the-first-time-since-2019-11647525619