Fed’s Fahrenheit 451! Freddie’s Mortgage Rate Hits 5% For First Time In A Decade As Fed Keeps Buying Assets
by confoundedinterest17 WASHINGTON (AP) — Long-term U.S. mortgage rates continued to climb this week as the key 30-year loan rate reached 5% for the first time in more than a decade amid persistent high inflation. The average 5% rate on the …