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Average US 30-year mortgage rate at 4.23 percent

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Average US 30-year mortgage rate at 4.23 percent

WASHINGTON (AP) — Average long-term U.S. mortgage rates surged this week, marking their largest one-week gain this year.

Mortgage company Freddie Mac said Thursday the nationwide average for a 30-year loan jumped to 4.23 percent from 4.12 percent last week. The average for a 15-year mortgage, a popular choice for people who are refinancing, rose to 3.37 percent from 3.26 percent.

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