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Market Impact: 0.35
Mortgage rates surge to highest level since 2023 as bond yields spike
Source: foxbusiness.com
Interest Rates & YieldsHousing & Real Estate
The average 30-year fixed mortgage rate rose 25bps week over week to 7.28%, from 7.03%, according to Freddie Mac. The increase raises borrowing costs for homebuyers and could further pressure housing affordability and transaction activity.
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