Tag: mortgageloan
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Mortgage rates hit highest level in six months. ‘Demand is likely to weaken.’
[ad_1] The numbers: Mortgage rates inched toward 7% as strength in the U.S. economy prompted investors to expect another rate hike by the Federal Reserve. The 30-year fixed-rate mortgage averaged 6.79% as of June 1, according to data released by Freddie Mac on Thursday. That was up 22 basis points from the previous week —…