Good News! Mortgage rates have been rising at a pace not seen in almost 50 years!
Mortgage rates continue their upward march, extending the most prolonged increase in rates in 46 years.
According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average climbed to 4.66 percent with an average 0.4 point. (Points are fees paid to a lender equal to 1 percent of the loan amount.) It was 4.61 percent a week ago and 3.95 percent a year ago.*
Read the full article just published by The Washington Post: CLICK HERE.
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