The cost of lending is rising as mortgage rates continue to shoot up—and that will impact the bottom lines of homeowners and borrowers alike. Mortgage rates are more than two percentage points higher

30-Year Fixed-Rate Mortgage Rates Today, the average rate for the benchmark 30-year fixed mortgage rose to 5.62% from 5.57% yesterday. At this time last week, the 30-year fixed was 5.48%. Today’s rate is