【Zillow】Mortgage Rates Increase as Markets Respond to Conflicting Economic Data

Mortgage rates increased last week, reversing direction after several weeks of declines.Comments from Federal Reserve members early in the week started moving interest rates higher, as they messaged that there is still much work to be done in taming inflation. Jobs data late in the week was much stronger than market expectations, a signal that the Federal Reserve will likely need to continue aggressive actions to slow economic growth and reign in inflationary pressures.

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