Homebuyers benefited from another week of falling mortgage rates, with the average rate dropping for the fourth week in a row, according to data from Freddie Mac released Thursday.
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Homebuyers saw another week of falling mortgage rates, with the average rate dropping last week for the third week in a row, according to data from Freddie Mac released Thursday.
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Mortgage rates climbed higher for the second consecutive week, following four weeks of declines. Inflation is running hotter, making rates more volatile, with the expectation that they will move in the 6% to 7% range over the next few weeks.
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The Fed has signaled it intends to continue raising rates — even if it’s by smaller increments — until inflation shows clear signs of falling.
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Mortgage rates jumped higher this week as investors tried to make sense of data that gave mixed signals about the health of the US economy.
