"Surging Mortgage Rates Reach Four-Month High of 7.5%"

1 min read
Source: Bloomberg
"Surging Mortgage Rates Reach Four-Month High of 7.5%"
Photo: Bloomberg
TL;DR

The US 30-year mortgage rate increased to a four-month high of 7.13%, indicating a potential challenge for the residential real estate market's recovery, as per Mortgage Bankers Association data.

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