U.S. long-term mortgage rates have reached a milestone in their rise from historic lows. So reports Reuters.
According to Freddie Mac, the 30-year fixed-rate mortgage averaged 3.02% in the week ending March 4, the highest since July.
Mortgage rates have been close to all-time lows for months, helping the housing sector recover to above where it was before the coronavirus hit.
Read the full article from Reuters.
Source: themortgageleader.com