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Mortgage Rates Continue to Move Up

September 1, 2022 by Ruth WhItney-Bowe

September 1, 2022
The market’s renewed perception of a more aggressive monetary policy stance has driven mortgage rates up to almost double what they were a year ago. The increase in mortgage rates is coming at a particularly vulnerable time for the housing market as sellers are recalibrating their pricing due to lower purchase demand, likely resulting in continued price growth deceleration.

Filed Under: Interest Rates

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