Mortgage rates forecast: How housing market will change in the near future

Mortgage rates forecast: How housing market will change in the near future

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The average 30-year fixed mortgage rate jumped up to its highest level since 2002 last week, climbing above 7 percent, according to the Federal Home Loan Mortgage Corporation (FHLMC), known as Freddie Mac. Newsweek asked two experts what the rise in mortgage rates is due to, and what this means…

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