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After Weeks of Decline, Mortgage Rates Increase

April 20, 2023 by Ruth Whitney Bowe

April 20, 2023
For the first time in over a month, mortgage rates moved up due to shifting market expectations. Home prices have stabilized somewhat, but with supply tight and rates stuck above six percent, affordable housing continues to be a serious issue for potential homebuyers. Unless rates drop into the mid five percent range, demand will only modestly recover.

Information provided by Freddie Mac.

Filed Under: Interest Rates

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