Mortgage Rates Cross 7% for First Time in 20 Months
The average 30-year fixed-rate mortgage hit 7.03% on Thursday, Freddie Mac reports — the first breach of the 7% mark in 20 months, likely to hit a stagnant housing market hard.
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The average 30-year fixed-rate mortgage hit 7.03% on Thursday, Freddie Mac reports — the first breach of the 7% mark in 20 months, likely to hit a stagnant housing market hard.
