30-year home mortgage rates hit 5% for the 1st time in over a decade - KABC-TV

Home mortgage rates just hit 5% for the first time in more than a decade. That means the monthly cost of buying a typical home has surged.

IRVINE, Calif. (KABC) -- For the first time in more than a decade, 30-year home mortgage loan rates hit 5%.Roger Williamson, the CEO and founder of Kent Mortgage Corporation, Roger Williamson, said i… [+1432 chars]

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