(NBC, KYMA) - Mortgage rates are up again.
The average for a 30-year fixed rate mortgage hit 7.5% Monday, and it's the first time rates have been this high since April of 2024.
One year ago today, Mortgage News Daily said the average on a 30-year home loan was just under 6.4%.
The cost of borrowing money is also reflected in the bond market, yields for the five, ten, 20 and 30 year U.S. treasury bonds are all up today.
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