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Mortgage Rates Rise, Snapping Four Weeks of Declines

Friday, Feb 10 2023
Lending
Written by  The Mortgage Leader

U.S. long-term mortgage rates have posted a weekly increase after dropping for each of the four previous weeks. So reports CNN.

arrow up iconAccording to Freddie Mac, the 30-year fixed-rate mortgage averaged 6.12% in the week ending February 9, compared with 6.09% the previous week and 3.69% a year earlier.

An unexpectedly robust jobs report indicated the Federal Reserve would likely keep raising its benchmark lending rate to fight inflation.

Read the full article from CNN. 

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