Washington, DC CNN —
After treading water for months, US mortgage rates jumped higher Thursday following a string of strong employment and inflation reports.
The 30-year fixed-rate mortgage averaged 6.77% in the week ending February 15, up from 6.64% the previous week, according to data from Freddie Mac. A year ago, the average 30-year fixed-rate was 6.32%.
“On the heels of consumer prices rising more than expected, mortgage rates increased this week,” said Sam Khater, Freddie Mac’s chief economist.
“The economy has been performing well so far this year and rates may stay higher
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