Mortgage Rates Rise to Two-Month High at 5.55%

Mortgage rates jumped to the highest level since June, adding pressure to the fast-cooling housing market.

The average rate on a 30-year fixed mortgage climbed to 5.55% this week, according to a Freddie Mac survey of lenders released Thursday. That is nearly double the rate on offer a year ago, though it is down slightly from June levels, which were the highest since 2008.