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Mortgage Rates Hit Five Percent

April 14, 2022 by Ruth WhItney-Bowe

April 14, 2022
This week, mortgage rates averaged five percent for the first time in over a decade. As Americans contend with historically high inflation, the combination of rising mortgage rates, elevated home prices and tight inventory are making the pursuit of homeownership the most expensive in a generation.

Information provided by Freddie Mac.

Filed Under: Interest Rates

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