Mortgage rates take the biggest leap in 8 weeks as clock ticks on refinancing

Mortgage rates take the biggest leap in 8 weeks as clock ticks on refinancing

Mortgage rates take the biggest leap in 8 weeks as clock ticks on refinancing

Despite yet another wave of COVID-19 putting stress on the economy, a long-running survey shows mortgage rates have posted their biggest rise in eight weeks.

Analysts say rates jumped because of an encouraging report on hiring in the U.S. If one positive report in the midst of a major COVID flare-up is enough to push rates higher, further signs of economic stability could easily do the same.

Experts warn that once the…


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