Economic Report: Bad news for home buyers: Mortgage rates inch towards 7%, highest level in 2023
Mortgage rates are back up, hitting a fresh high for the year. The average on the 30-year fixed-rate mortgage was 6.87% as of Tuesday afternoon, while the 15-year was at 6.07%, according to Mortgage News Daily. Rates are officially at the highest level for the year. But to be clear, rates have…
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