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Mortgage Rates Surge Over 7% to 21-Year High

Home Industry News
By RISMedia Staff
August 17, 2023
Reading Time: 3 mins read
Mortgage Rates Surge Over 7% to 21-Year High

The 30-year fixed-rate mortgage (FRM) surged this week to its highest level in more than 20 years, averaging 7.09%, which is also a fourth-straight week of rate hikes, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac released Thursday.

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