Ruth Whitney Bowe

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Mortgage Rates Continue Climbing

April 7, 2022 by Ruth WhItney-Bowe

April 7, 2022
Mortgage rates have increased 1.5 percentage points over the last three months alone, the fastest three-month rise since May of 1994. The increase in mortgage rates has softened purchase activity such that the monthly payment for those looking to buy a home has risen by at least 20 percent from a year ago.

Information provided by Freddie Mac.

Filed Under: Interest Rates

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