According to Freddie Mac, the 30-year fixed-rate mortgage averaged 7.09% over the week ending on August 17, up from 6.96% a week earlier.
That’s the highest since a reading of 7.18% in March 2002.
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MMG's Bodnar: We've Been Watching This Movie All Year Bill Bodnar of the Mortgage Market Guide breaks down the jobs report, why and how it came in above expectations, and what that means just days ahead of the Fed meeting.
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Mortgage Rates Climb to Highest in More Than 20 Years
U.S. long-term mortgage rates have surged to their highest level in more than two decades as the Federal Reserve weighs whether to continue raising interest rates. So reports ABC News.
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