As Mortgage Rates Rise to 6.32%, ‘Further Progress May Be Needed To Grease the Wheels’

Mortgage rates spiked, with the average rate for a 30-year fixed home loan going from 6.12% last week to 6.32% for the week ending Oct. 10, according to Freddie Mac. “Following the release of a stronger-than-expected September jobs report, the 30-year fixed rate mortgage saw the largest one-week increase since April,” Sam Khater, Freddie Mac’s
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