U.S. mortgage rates jumped this week to their highest level of the year, according to Freddie Mac.
The 30-year fixed mortgage averaged 4.47 percent for the week ending April 19, up from 4.42 percent the previous week. A year ago, mortgage rates stood at 3.97 percent.
Favorable mortgage rates have helped propel U.S. home sales and the refinance market.
“Treasury yields rose ahead of the release of the Fed’s Beige Book and speeches from New York Fed President William Dudley and Fed Governor…
