Mortgage rates spike as home prices hit new record - Fox Business

Mortgage rates jumped, crossing back above the 5% level for a 30-year fixed rate but don't expect higher costs to make housing more affordable.

Mortgage rates resumed their upward climb along with home prices.  Rates for a 30-year fixed mortgage rose to 5.22% from 4.99%, according to Freddie Mac's weekly data.  "Although rates continue to … [+1409 chars]

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