Mortgage Rates Rose Even Higher. Here’s How Much More You’d Pay Now.

Updated March 24, 2022 11:28 am ET / Original March 24, 2022 2:45 am ET

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New-home sales fell in February due, in part, to the effects of rising mortgage rates on affordability. Justin Sullivan/Getty Images

Mortgage rates climbed past 4% last week—and their rapid rise didn’t stop there.

The average rate on a 30-year fixed mortgage rose to 4.42% this week, its highest level since January 2019, according to Freddie Mac’s Primary Mortgage Market Survey. The increase was more than one-quarter of a percentage point higher than last week’s rate of 4.16% and 1.25 percentage points higher than the same week last year.

Mortgage…

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