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Mortgage Rates Surge Again | Global News
Published 1 week, 3 days ago
Description
Mortgage rates just hit a 12-month high at 6.55%, adding hundreds to monthly payments and pushing buyers out of the market as affordability tightens. Driven by investor concerns over inflation and rising bond yields, the jump comes despite recent cooling consumer prices — a sign the Fed may ease up — but mortgage rates remain stubbornly high, dragging down pending home sales and purchase applications.
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