U.S. 30-Year mortgage rates rise to highest since spring 2020

BY Reuters | AGENCY | 01/06/22 12:47 PM EST

NEW YORK, Jan 6 (Reuters) - The average rate for a 30-year fixed rate mortgage in the U.S. rose to 3.22% as of the week of Jan. 6, up from 3.11% the week prior, according to housing finance giant Freddie Mac.

That is the highest average rate for this type of mortgage since May 2020, and it is more than half a percent higher than January 2021, Freddie Mac's Chief Economist Sam Khater said in a statement. (Reporting by Elizabeth Dilts Marshall)

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