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U.S. Mortgage Rates Jump Above 7% for the First Time This Year

Rates on 30-year mortgages — the most common kind among U.S. homeowners — surpassed the 7 percent mark on Thursday, a troublesome sign for an already tight housing market.

J. Edward Moreno
Author: J. Edward Moreno

Written by

J. Edward Moreno

in

Federal Home Loan Mortgage Corp (Freddie Mac), Interest Rates, Mortgages, Real Estate and Housing (Residential), United States, United States Economy
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