U.S. Mortgage Rates Surge

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rate mortgage

Reuters

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US 30-year fixed-rate mortgage flirts with 7%

Summary

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79% Informative

The average rate on the popular 30-year fixed-rate mortgage increased to 6.91% , the highest level since early July .

Mortgage rates have trended higher despite the Federal Reserve cutting interest rates three times since starting its monetary policy easing cycle in September .

Rising mortgage rates could discourage some homeowners from putting their houses on the market.

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formal

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English

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