Mortgage rates are close to 7%, and may remain so for several weeks longer
Housing Wire
JULY 13, 2023
Mortgage rates continued rising for the third consecutive week, increasing to 6.96%, the highest level since November 2022. The uptick in mortgage rates came amid positive inflation news – the consumer price index rate showed cooling prices in June, rising just 3.0% And rates could remain above 6.5%
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