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Tag Archives: Bureau of Labor Statistics (BLS)

Fixed-Rate Mortgages Reach 20-Year High

After a slight break last week, Freddie Mac reports the fixed-rate mortgage inched closer toward the 7% mark, as recessionary concerns and housing affordability continue to drive down housing demand.

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Mortgage Rates Eclipse the 6% Mark

Freddie Mac reports the fixed-rate mortgage hit an average of 6.02% this week, a high point not seen since 2008 as affordability conditions continue to worsen for many potential buyers.

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