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Market Impact: 0.28
Mortgage rates top 7% for first time since early 2025
Source: foxbusiness.com
Housing & Real EstateInterest Rates & Yields
The average 30-year fixed mortgage rate rose 8bps week over week to 7.03%, from 6.95%, according to Freddie Mac. The move raises borrowing costs for homebuyers and could add pressure to housing affordability and transaction activity.
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