Mortgage rates have hit their highest levels in more than 20 years, making it much more expensive to borrow money to buy a house.
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Local economist says 'best guess' is mortgage rates will peak soonMortgage rates have hit their highest levels in more than 20 years, making it much more expensive to borrow money to buy a house.
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Mortgage demand falls as rates surge to the highest level since October 2022Mortgage applications fell 0.8% in the latest week, the Mortgage Bankers Association said. The average rate for a 30-year mortgage is 7.16%.
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U.S. mortgage rates rise to the highest level in 21 yearsThe 30-year mortgage rate is averaging at 7.09%, Freddie Mac said in its latest weekly survey on Thursday.
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Today’s mortgage rates are rising, use shorter terms to save the mostCheck out the mortgage rates for August 14, 2023, which are largely trending up from Friday.
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Mortgage rates top 7%, reaching highest level in two decadesThe average rate for a 30-year fixed mortgage was 7.09% as of Thursday, up from 6.96% last week.
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Mortgage interest rates surge past 7%, hit highest level since 2002Mortgage interest rates surpassed 7% this week, dealing another blow to potential homeowners who now face the highest borrowing costs since 2002.
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