Mortgage repayments rose more than half a percentage point this week due to rising
inflation and rising Federal Reserve interest rates, says Freddie Mac
The jump was the largest in a week since 1987.
The 30-year fixed-rate mortgage averaged 5.78% in the week ending 16 June,
compared with 5.23% in the previous week. Rates have risen by more than two
a half percentage points this year.
Last year they have an average of 2.93%.