US average long-term mortgage rates jump; 30-year now 3.45%
By The Associated Press - | Jan 14, 2022
A "Sold" sign is on display on the lawn of a new house in Pearl, Miss., Thursday, Sept. 23, 2021. Fierce competition, low mortgage rates and soaring prices helped drive how much homebuyers borrowed to purchase a home in 2021 to an all-time high, eclipsing the mid-2000s housing boom peak. Banks issued an estimated $1.61 trillion in home purchase loans last year, an increase of about 9% from 2020, according to the Mortgage Bankers Association. (AP Photo/Rogelio V. Solis)
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