Mortgage rates are back up again following two weeks of declines that did little to boost homebuyer demand.
The rate on the 30-year fixed mortgage jumped to 5.51% from 5.30% the week prior, according to Freddie Mac. While lower than the 5.81% registered in late June, the average rate is still more than 2 percentage points higher than the beginning of the year.
Rates add to the challenging affordability conditions homebuyers are facing that include persistently high inflation and now newfound…
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