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【NAR】Mortgage Rates Slip After Fed Hike, But What’s Next?

【NAR】Mortgage Rates Slip After Fed Hike, But What’s Next?

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Mortgage rates this week dipped slightly below 7%, even after the Federal Reserve aggressively raised its benchmark interest rate again to tame inflation. The 30-year fixed-rate mortgage averaged 6.95% this week after hitting a 20-year high of 7.08% last week, Freddie Mac reports.

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