Mortgage Rates Hit 5% for First Time Since 2011 - The Wall Street Journal

The monthly cost of buying a typical home has surged by more than a third over the past year by one estimate, yet demand remains robust

The interest rate on Americas most popular mortgage hit 5% for the first time in more than a decade, extending a sharp rise that has yet to significantly slow the red-hot housing market. Interest on… [+221 chars]

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