Economics

U.S. 30-Year Mortgage Rates Surge to 3.22%, the Highest Since May 2020

Photographer: Sam Hall/Bloomberg
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Mortgage rates in the U.S. jumped to the highest level since the early months of the pandemic.

The average for a 30-year loan was 3.22%, up from 3.11% last week and the highest since late May 2020, Freddie Mac said in a statementBloomberg Terminal Thursday.