Mortgage rate rises to 7.61%, highest since November 2023

The U.S. average 30-year mortgage rate rose to 7.61%, its highest since November 2023, marking eight straight days above 7.50% — one of the highest sustained stretches of this cycle. A year ago the rate was 6.34%; the spread over the 10-year Treasury stands at 229 basis points.

Detected & updated continuously · Source: Nebula