Mortgage Rates Surge as Inflation Concerns Persist

Recent economic data has led to a notable increase in mortgage rates across various terms, with significant impacts anticipated for potential homebuyers.

30-year and 15-year mortgage rates have risen for the fourth consecutive week, with rates now reaching levels not seen since late last year.
Inflation data released in early April shows a continued upward trend, influencing the Federal Reserve's decisions on interest rates.
Freddie Mac reports a steady increase in mortgage rates, with the 30-year fixed rate now at 7.30% for purchases.
The Federal Reserve maintains current interest rates, citing ongoing inflation concerns as a key factor in their decision-making.
Experts predict the Federal Reserve will maintain current rate levels at the upcoming policy meeting, impacting future mortgage rate adjustments.