Mortgage Rates Rise to 6.50%, Highest Level Since November. Blame Inflation

Mortgage Rates Rise to 6.50%, Highest Level Since November. Blame Inflation

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The average mortgage rate this week rose to the highest level in months. Expectations surrounding inflation and economic growth are part of the explanation. The average rate on a fixed 30-year mortgage was 6.50% as of Thursday, according to Freddie Mac data released Thursday. It was the highest…

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