Mortgage Rates Inch Up to Nearly 7%-The Highest in 6 Months Even as Pending Home Sales Rise

Mortgage rates inched up again from 6.85% last week to 6.91% for the average 30-year fixed home loan for the week ending Jan. 2, according to Freddie Mac. “Inching up to just shy of seven percent, mortgage rates reached their highest point in nearly six months,” said Sam Khater, Freddie Mac’s Chief Economist. “Compared to
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