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Mortgage Rates Continue to Escalate, Move Closer to 6 Percent
Washington Post, June 22, 2022–Michele Lerner
Rates for fixed-rate mortgages have surged since the start of the year, rising more than two full percentage points. The higher borrowing costs are part of a campaign by the Federal Reserve to raise interest rates as a way to cool inflation, and the fallout in the housing market has been immediate. (MBA mention)
https://www.washingtonpost.com/business/2022/06/23/freddie-mac-mortgage-rates/