The leap in mortgage rates this week — the highest level in two years — is pushing potential buyers off the fence and might prompt a rush of home purchases in a market where potential homeowners still struggle to find something to buy.


Mortgage rates have abruptly climbed from near-record lows in recent weeks, rising a full point over the past month.

The average rate on the 30-year fixed-rate mortgage hit 4.46 percent this week, up from 3.93 percent last week and the biggest one-week jump in 26 years.

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