Mortgage rates rise slightly despite buyer confidence

Mortgage rates have increased, with the 30-year fixed rate rising to 6.52% and the 15-year fixed rate reaching 5.84%. Despite rate fluctuations, homebuyers remain confident, as job growth and a rise in existing home sales support market activity. Meanwhile, inflation accelerated, with the Consumer Price Index up 4.2% year over year, potentially influencing future interest rate decisions.

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