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Mortgage Rates Hit 5.78%, Highest Level Since 2008
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wsj.comU.S. mortgage rates reached their highest levels in more than 13 years, the latest sign of market tumult tied to the Federal Reserve’s campaign to cool inflation.
The average rate on a 30-year, fixed-rate mortgage rose to 5.78%, mortgage-finance giant Freddie Mac said Thursday, the highest level since November 2008 and well above the 3.11% recorded near the start of the year. Last week, Freddie Mac reported an average mortgage rate of 5.23%.
Read more on wsj.comAbout this in other media
Removal of mortgage stress test ‘will not result in free-for-all’ theguardian.com /2 years ago
Barclays to buy Kensington Mortgages as interest rates rise theguardian.com /2 years ago
Average price for US homes hits record high in May despite rise in interest rates theguardian.com /2 years ago
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