Mortgage Rates Spike Close to 7% realtor.com/news/trends/mortgage-rates-spike-close-to-7-yet-buyers-are-doing-something-extraordinary Welcome to the official dog days of summer—and of the real estate market. Mortgage rates have risen yet again. For the week ending Aug. 3, the average 30-year fixed mortgage rate jumped to 6.9%, up from the previous week’s 6.81%, according to Freddie Mac. (Last year, at this
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