Mortgages are rapidly approaching 5%, a new blow to the real estate market
Mortgages are rapidly approaching 5%, a new blow to the real estate market
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Mortgages are rapidly approaching 5%, a new blow to the real estate market
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October 12, 2018
Mortgages are rapidly approaching 5%, a new blow to the real estate market
Mortgage rates reached their highest level in more than seven years this week at almost 5%, a level that could deter many home buyers and represent another setback for the housing market in crisis.
The average rate for a 30-year fixed-rate mortgage rose to 4.9%, the biggest weekly jump in about two years, according to data released Thursday by mortgage finance giant Freddie Mac.
Lenders ...
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ORIGINAL ARTICLE THE WALL STREET JOURNAL
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