Mortgage rates continue to climb beyond 7%
Housing Wire
AUGUST 24, 2023
This week, the 30-year fixed-rate mortgage reached its highest level since 2001 and indications of ongoing economic strength will likely continue to keep upward pressure on rates in the short-term,” said Sam Khater, Freddie Mac’s chief economist. By contrast, the 30-year fixed-rate mortgage was at 5.55% a year ago at this time.
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