3 Days
Source:
New York Post
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Mortgage rates reach 18-month high
Mortgage rates have increased to 6.95%, the highest in nearly 18 months, driven by rising Treasury yields ahead of the Federal Reserve’s recent interest rate hike. This surge coincides with a sluggish housing market, as existing home sales and application numbers decline, potentially impacting both buyers and sellers. The rate increase reflects broader economic factors, including inflation pressures and geopolitical conflicts.
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