Newsfeed: Mortgage rate soars closer to 5% in its second huge jump this week

Newsfeed: Mortgage rate soars closer to 5% in its second huge jump this week

The average rate on the 30-year fixed mortgage shot significantly higher Friday, rising 24 basis points to 4.95%, according to Mortgage News Daily. It is now 164 basis points higher than it was one year ago.

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