U.S. mortgage rates represent largest jump in 35 years
The average long-term U.S. mortgage rates had the biggest one-week jump in 35 years
The Federal Reserve raised its key rate this week by three-quarters of a bid to stem high inflation.
Mortgage buyer Freddie Mac reported Thursday that the 30-year rate has risen
It was 5.23 per cent last week and 5.78 per cent this week
This is the highest since November 2008 during the housing crisis.
Wednesday's Fed hike was the largest since 1994.
Housing prices have risen sharply and prices have risen sharply