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Housing Market

mortgage rates

Mortgage Rates Are Up. What Does that Mean for Housing?

Mortgage rates shot up this week, averaging 3.94 percent for a 30-year, fixed-rate loan, up from 3.57 percent last week. Last year at this time, rates were 3.97 percent, according to Freddie Mac. What does this mean for homebuyers and homeowners going forward? That’s not as clear. “The new Trump administration’s economic plan has the […]
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