Mortgage rates posted their biggest weekly jump since November, pushing the average cost of a 30-year loan to 3.66 percent as the Federal Reserve wrapped up its April meeting.
While rates are at their highest since March, home loans are cheaper than they were at this time last year (3.68 percent) and have held at less than 4 percent all year, according to Freddie Mac’s weekly survey.
And there’s more unhappy news. Today we got a first look at the economy’s 2016 performance and it wasn’t good. U.S. gross domestic product, the broadest measure of the country’s output, barely budged, growing at a paltry 0.5 percent pace.
