U.S. mortgage rates represent  largest  jump in 35 years

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

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The Federal Reserve raised its key rate this week by three-quarters of a bid to stem high inflation.

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Mortgage buyer Freddie Mac reported Thursday that the 30-year rate has risen

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It was 5.23 per cent last week and 5.78 per cent this week

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This is the highest since November 2008 during the housing crisis.

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Wednesday's Fed hike was the largest since 1994.

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Housing prices have risen sharply and prices have risen sharply

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