Mortgage Rates at 22-Year High as New Home Sales Reach 17-Month Peak

Weekly Real Estate News, Aug. 24, 2023–Phil Hall
The 30-year fixed-rate mortgage continued its historic ascension, averaging 7.23%, according to the latest Primary Mortgage Market Survey from Freddie Mac. Last week, it broke past the 6% mark to average 7.09% while a year ago at this time it averaged 5.55%.
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