Mortgage rates soar to highest level in over a decade — even wealthy home buyers are feeling the pain - MarketWatch

As interest rates on home loans surge above 5%, the pandemic-related boom in purchases of second homes is coming to a screeching halt.

Mortgage rates are soaring, and no one is being spared.The average rate on a 30-year fixed-rate mortgage was 5% as of the week ending April 14, representing an increase of 28 basis points from the pr… [+3652 chars]

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