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Mortgage Rates Hit Three-Month High

Saturday, Mar 04 2023
Lending
Written by  The Mortgage Leader

U.S. weekly long-term mortgage rates have risen for a fourth straight week, reaching their highest point in three months. So reports the Associated Press.

arrow up iconAccording to Freddie Mac, the 30-year rate averaged 6.65% for the week ending March 2, up from 6.5% a week earlier and 3.76% a year ago.

The rebound in mortgage rates, as economic data reflect lingering inflation and a strong economy that raises the specter of further monetary tightening by the Federal Reserve, arrives ahead of spring buying for the housing market.

Read the full article from the Associated Press. 

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