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Market Impact: 0.25
Mortgage rates jump to highest level in over a year
Source: foxbusiness.com
Interest Rates & YieldsHousing & Real EstateEconomic Data
Freddie Mac reported the average 30-year fixed mortgage rate rose to 6.71% from 6.66% last week, a +5 bps weekly increase. Higher borrowing costs may weigh on housing affordability and demand, though the move is relatively modest.
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