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Mortgage Rates Rebound to 5.23% Ahead of Fed Meeting

Sunday, Jun 12 2022
Lending
Written by  The Mortgage Leader

U.S. long-term mortgage rates have bounced higher in the week before the next Federal Reserve meeting. So reports CBS.

arrow 156792 640smallThe 30-year fixed-rate mortgage averaged 5.23% for the week ending June 9, up from 5.09% the previous week, according to Freddie Mac.

Economists project another half-point rate hike in the Fed’s main borrowing rate at policymakers’ June 14-15 meeting.

Read the full article from CBS. 

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