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Mortgage Rates Rise Back to 7%‚ Housing Market Re-Freezes‚ Buyers’ Strike Continues. Prices Are Just Too High
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Mortgage Rates Rise Back to 7%‚ Housing Market Re-Freezes‚ Buyers’ Strike Continues. Prices Are Just Too High

by Wolf Richter‚ Wolf Street: Inflation might not go back into the bottle voluntarily‚ and these mortgage rates – considered low in 1970-2000 – might stick around. The average conforming 30-year fixed mortgage rate rose to 7.0% in the latest week‚ according to the Mortgage Bankers Association today. The daily measure by Mortgage News Daily has […]
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