Mortgage rates surge higher, further hurting demand
Economy And Jobs,Housing And Homelessness,Mortgage Rates
From the Right
AllSides Media Bias Rating: Lean Right
Mortgage rates jumped markedly this week, sending demand down for a second straight week.
Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage surged to 6.32% from last week's reading of 6.12%. The average rate on a 30-year loan was 7.57% a year ago.
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