Mortgage rates jump to 8-month high as blowout jobs data sets up Fed to stay hawkish
while the weekly Freddie Mac index reached 6.81%. Both surpassed prior peaks for the 2023.
The 30-year fixed rate mortgage had already started climbing after Fed Chair Jerome Powell signaled thatup until 2025, meaning the Fed would likely have to keep its benchmark rate higher for longer.
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Today’s mortgage rates for July 5, 2023Looking for the most up-to-date mortgage rates to empower your purchasing or refinancing decisions? We’ve got you covered
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Mortgage rates jump to 6.81%, highest level this yearA year ago, the 30-year fixed-rate was 5.30%.
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Mortgage rates jump to 6.81%, their highest level this year | CNN BusinessUS mortgage rates jumped up this week as recent economic data showed inflation remains sticky and the job market is still red hot.
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Mortgage rates hit highest level this yearThe rate on the 30-year fixed mortgage reached the highest level of the year this week, climbing to 6.81%. It’s the second consecutive week of higher rates.
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