Mortgage Rates Increase for Fifth Week in a Row, and Home Buyers ‘Will Likely Not See Relief’ Anytime Soon

May 3, 2024

MarketWatch, May 2, 2024–Aarthi Swaminathan
Mortgage rates rose for the fifth week in a row, as the Federal Reserve holds interest rates steady.

The 30-year fixed-rate mortgage rose and averaged 7.22% as of May 2, according to data released by Freddie Mac on Thursday. (MBA mention)
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