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Mortgage Rates Move Up After Weeks of Dips

“Economic signals that have moved sideways over the last few weeks, have resulted in mortgage rates drifting higher as markets continue to dial back expectations of interest rate cuts,” Freddie Mac says.

Home Economy
By RISMedia Staff
May 30, 2024
Reading Time: 2 mins read
Mortgage Rates Remain on Downward Trend Heading Into the New Year

Percentage and house sign symbol icon wooden on wood table. Concepts of home interest, real estate, investing in inflation.

After three weeks of declines and a dip below 7%, the 30-year fixed rate mortgage average ticked back up this week to 7.03%, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac, released Thursday.

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