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Daily Archives: June 16, 2022

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Rising Rates Join Long List of Housing Dilemmas

Blog, Economy/Stock Market, Your HomeBy Editorial TeamJune 16, 2022

Homebuyers braving the hot U.S. housing market have run headlong into a striking transition. The average interest rate for a 30-year fixed mortgage jumped from around 3.2% at the beginning of 2022 to 5.3% in mid-May, the highest level since 2009. This rise was sparked by the Federal Reserve’s commitment to raise the federal funds…

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