TEESSIDE, ENGLAND - MARCH 09: The ‘Tavistock Square’ crude oil tanker, leaves the ConocoPhillips oil terminal after loading on March 09, 2026 in Teesside, England. Global oil prices have risen to their highest levels since 2022 following an escalation o...

March was a tough month on many fronts, and that includes mortgage rates. At the end of February we saw the lowest 30-year averages since September 2022. A mere four weeks later, average rates are about 40 basis points higher — that's almost half a percentage point (a basis point is one one-hundredth of a percentage point).

Mortgage rates have been rising pretty relentlessly, and from where we stand now, it looks like April will see rates continuing to move higher.

Originally published on nerdwallet.com, part of the BLOX Digital Content Exchange.

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