Mortgage Rates Rise for Fifth Week in a Row, Hitting 6.29%

Summary by Ground News

Mortgage rates rose for the fifth consecutive week, reaching yet again the highest level since the financial crisis. The average rate on a 30-year fixed mortgage climbed to 6.29%, according to a survey of lenders released Thursday by Freddie Mac. It was the second week in a row that rates topped 6%. The last time rates were this high was October 2008, when the U.S. was deep in recession.

Mortgage Rates Rise for Fifth Week in a Row, Hitting 6.29%

6 days ago·Washington, United States

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abc News

Average US long-term mortgage rates climb to 6.29% this week

Average long-term U.S. mortgage rates jumped by more than a quarter-point this week to their highest level since 2008, a result of the Federal Reserve’s intensified effort to tamp down decades-high inflation and cool the economy

6 days ago·United States

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Associated Press News

Average US long-term mortgage rates climb to 6.29% this week

WASHINGTON (AP) — Average long-term U.S. mortgage rates jumped by more than a quarter-point this week to their highest level since 2008 as the Federal Reserve intensified its effort to

6 days ago·United States

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CBS News

Mortgage rates rise to highest level since 2007 after latest Fed interest-rate hike

Interest rate on a typical 30-year mortgage rate has jumped by more than a quarter-point this week to 6.29%.

6 days ago·New York, United States

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KRDO

Average US long-term mortgage rates climb to 6.29% this week

By MATT OTT AP Business WriterWASHINGTON (AP) — Average long-term U.S. mortgage rates jumped by more than a quarter-point this week to their highest level since 2008, a result of the Federal Reserve’s intensified effort to tamp down decades-high inflation and cool the economy. Mortgage buyer Freddie Mac reported Thursday that the 30-year rate climbed to 6.29% from 6.02% last week. That’s the highest its been since October of 2008 when the housin…

5 days ago

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New York Post

Mortgage rates jump to 6.29% — the highest in 15 years

Rapidly rising mortgage rates threaten to sideline even more homebuyers after more than doubling in 2022.

6 days ago·New York, United States

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MY Northwest

Average US long-term mortgage rates climb to 6.29% this week

WASHINGTON (AP) — Average long-term U.S. mortgage rates jumped by more than a quarter-point this week to their highest level since 2007 as the Federal Reserve intensified its effort to tamp down decades-high inflation and cool the economy.Mortgage buyer Freddie Mac reported Thursday that the 30-year rate climbed to 6.29%, from 6.02% last week. That’s the highest its been since August of 2007, a year before a crash in the housing market triggered…

6 days ago·Tacoma, United States

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