Mortgage rates are rising again, driving more buyers out of the housing market

Mortgage rates are rising again, driving more buyers out of the housing market

The 30-year fixed-rate mortgage averaged 5.81% in the week ending June 23, up from 5.78% the week before, according to Freddie Mac. This time last year, rates averaged 3.02%, and the last time rates were this high was in the winter of 2008. “Fixed mortgage rates have increased by more than two full percentage points …

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