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6.5

US mortgage rates reach one-year high amid inflation concerns

US mortgage rates have risen to 6.55%, driven by inflation fears linked to Middle East instability. While elevated borrowing costs are suppressing demand and home sales, median prices remain at record highs due to sustained activity from wealthier buyers.

Walter Bloomberg1 day agoUSCredibility 59%View source

Score Breakdown

Mosaic Score6.5
Confidence0.9
Significance0.5
Source credibility0.6
Source

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