Mortgage rates exceed 6% for the first time since 2008

Mortgage rates exceed 6% for the first time since 2008

Mortgage rates topped 6% for the first time in 14 years as inflation so far resisted efforts by the Federal Reserve to rein it in. The spectacularly rapid escalation chilled what had been a boiling US housing market, increasing pressure on an economy plagued by relentless inflation. According to the latest data published Thursday by …

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