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Mortgage rates rise again following two weeks of declines

Mortgage rates inched back up this week and remain anchored north of 7% as investors focus on the impact of rising headline inflation ahead of next week’s Fed rate decision. 

Freddie Mac‘s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year fixed rate averaged 7.18% as of Sept. 14, up from last week’s 7.12%. By contrast, the 30-year fixed-rate mortgage was at 6.02% a year ago at this time.

“The reacceleration of details ⇒

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