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Why the housing market should brace for double-digit mortgage rates in 2023

Por: MarketWatch Business October 20, 2022

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“Lenders only slowly adjust their rates,” Whalen told MarketWatch. “They are not used to seeing rates moving this fast, and typically would change rates only once a month or once every other month.” Borrowers pay a premium above risk-free Treasury rates on mortgages to help account for default risks. The 30-year Treasury rate rose to 4.213% Thursday, its highest since 2011, according to Dow Jones Market Data. Freddie Mac on Thursday said... + full article



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