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Markets

Fannie Mae predicts shift in mortgage rates, housing market

TST (Full) - (Official Feed) · 2h ago

Fannie Mae predicts shift in mortgage rates, housing market

The average 30-year fixed mortgage rate hit 6.55% the week of July 16, according to Freddie Mac. The rate has now surpassed 6.5%, but it's been hovering in this range for nine weeks. Stubbornly high mortgage rates — and high housing costs in general — have started to hurt home sales. During the ...

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