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Mortgage rates rise, reach another 16-year high

Por: The Hill Politics October 13, 2022

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Mortgage rates reached another 16-year high last week as the once red-hot housing market continues to cool, according to data released Wednesday from the Mortgage Bankers Association. The 30-year fixed mortgage rate jumped to 6.81 percent in the first week of October, marking the eighth consecutive weekly increase and the highest rate since 2008.  have more than doubled over the past year as the Federal Reserve raises interest... + full article



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