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Mortgage Rates Decrease from Last Week While Remaining Above Seven Percent

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Mortgage Rates Decrease from Last Week While Remaining Above Seven Percent

by

September 7, 2023
For the fourth consecutive week, the 30-year fixed-rate mortgage hovered above seven percent. The economy remains buoyant, which is encouraging for consumers. Though while inflation has decelerated, firmer economic data have put upward pressure on mortgage rates which, in the face of affordability challenges, are straining potential homebuyers.

Information provided by Freddie Mac.

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