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Mortgage rates surge to highest level since July

By CNBC May 19, 2026 Neutral
Mortgage rates surge to highest level since July
The average rate on the 30-year fixed loan rose 7 basis points Tuesday to 6.75%. Sales of pending homes rose in April both month over month and compared with a year ago, according to a report Tuesday from the National Association of Realtors.
The average rate on the 30-year fixed loan rose 7 basis points Tuesday to 6.75%. Sales of pending homes rose in April both month over month and compared with a year ago, according to a report Tuesday from the National Association of Realtors.