Pressure builds on housing market as mortgage rates cross 6%, a first since 2008

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Pressure builds on housing market as mortgage rates cross 6%, a first since 2008
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Mortgage rates crossed the 6% threshold and hit their highest point since 2008, upping the pressure on the US housing market and pricing out even more would-be homebuyers.

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Mortgage rates top 6% for the first time since 2008 | CNN BusinessMortgage rates top 6% for the first time since 2008 | CNN BusinessMortgage rates jumped again, surpassing the 6% mark and reaching the highest level since the fall of 2008.
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Mortgage rates rise above 6% for the first time since 2008Mortgage rates rise above 6% for the first time since 2008The average 30-year mortgage rate has climbed to 6.02% — the first time the figure has surpassed 6% since 2008, according to new data from mortgage giant Freddie Mac.
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Mortgage rates climb above 6%, first time since 2008Mortgage rates climb above 6%, first time since 2008The average interest rate for a 30-year fixed mortgage is now about 6% for the first time since the financial crisis, more than double what it was a year ago.
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