Mortgage Rates Hit New 3-Year High as Fed Official Says More Hikes Are Needed

Mortgage Rates Hit New 3-Year High as Fed Official Says More Hikes Are Needed Mortgage rates climbed to a fresh three-year peak this week, propelled upward by a toxic blend of inflation fears, a global bond selloff, and rising concerns about government deficits. The average rate on 30-year fixed home loans reached 7.40% for the
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