Mortgage Rates Snap Three-Week Pullback, Pushing Average Rate on a 30-Year Home Loan Back Above 7%

The Associated Press, May 30, 2024-Alex Veiga
The average rate on a 30-year mortgage moved back above 7% this week, a setback for home shoppers at a time when the U.S. housing market is already slowing under the strain of elevated home loan borrowing costs and rising prices.
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