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Mortgage Rates Tick Up for Second Week in a Row

Friday, Apr 28 2023
Lending
Written by  The Mortgage Leader

U.S. long-term mortgage rates have edged upward for a second consecutive week. So reports MReport.

Freddie Mac 150x150The 30-year fixed-rate mortgage averaged 6.43% in the week ending April 27, up from 6.39% the previous week and 5.1% a year ago, according to Freddie Mac.

Nevertheless, Freddie Mac economist Sam Khater projected that mortgage rates will “gently decline” the rest of this year as inflation moderates.

Read the full article from MReport. 

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