Mortgage Rates Hit 3-Month High, Impacting Spring Home Buyers
Denver News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
U.S. mortgage rates surge to highest point in three months, impacting home buyers during spring season. Thirty-year fixed rate climbs to 6.22%, fifteen-year to 5.54%. Rates still lower than last year, but rising Treasury yields and inflation worries pose challenges. Housing market slowdown continues, with sales near four million annual pace, far below usual five point two million.
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