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“Mortgage Rates in US Surge to 20-Year High, Reaching 6.92%”

“…The average for a 30-year, fixed loan climbed to 6.92% from 6.66% last week, Freddie Mac said in a statement Thursday…

Mortgage rates have been pushing toward 7% in recent weeks. Other measures have signaled that borrowing costs have crossed that threshold, with Mortgage News Daily, which releases a new figure more routinely, reporting that the rate on a 30-year fixed loan was 7.05% Thursday.

The monthly payment on a $300,000 mortgage now would be $1,980, about $679 more than in January, when the 30-year average was 3.22%…”

https://finance.yahoo.com/news/us-mortgage-rates-surge-highest-140000135.html

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