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Average US long-term mortgage rate leaps to 6.38%, the highest level in more than 6 months
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4 Articles
Fixed mortgage rates at 30 years increased to 6.38% from 6.22% in the middle of one of the most important seasons for the market
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The JournalAverage US long-term mortgage rate leaps to 6.38%, the highest level in more than 6 months
The average long-term U.S. mortgage rate climbed this week to its highest level in more than six months, driving up borrowing costs for prospective homebuyers during what’s supposed to be the busiest time of the year for the housing market.…
By the end of the fourth week of March, fixed mortgage rates at 30 years in the United States were again on the rise, ranking at 6.38% from 6.22%, according to Freddie Mac’s report, which represents one of the highest levels in at least six months in the middle of one of the most mobile housing market seasons. For its part, fixed mortgage rates at 15 years also increased to 5.75% from 5.54% last week, compared to 5.89% a year ago.
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