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Mortgage Rates Surge to 6.49% | California News
Published 1 day ago
Description
Mortgage rates just hit 6.49%—a sharp climb that’s adding hundreds to monthly payments and tightening the housing market. After dipping below 6% earlier this year, rates have surged since May, dragging down home sales and squeezing buyer budgets. Driven by inflation fears and rising bond yields, this isn’t a blip—it’s the new normal, making homeownership harder to reach for millions.
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