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Mortgage Rates Reach Highest Level in Almost 23 Years

September 28, 2023 by Jim Callahan

September 28, 2023
The 30-year fixed-rate mortgage has hit the highest level since the year 2000. However, unlike the turn of the millennium, house prices today are rising alongside mortgage rates, primarily due to low inventory. These headwinds are causing both buyers and sellers to hold out for better circumstances.

Information provided by Freddie Mac.

Filed Under: Interest Rates

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