Tag: mortgage rates

Mortgage rates rise to 3% as the Fed mulls a shift in policy: ‘Their path forward is quite uncertain’

Mortgage rates jumped higher in response to hints that the Federal Reserve may soon alter its approach to the economy in light of high inflation. The 30-year fixed-rate mortgage averaged 3% for the week ending May 20, up six basis points from the previous week, Freddie Mac FMCC, +3.39%   reported Thursday. It’s the first time […]

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