Mortgage rates jump, slamming homebuyers despite Fed’s outsize interest rate cuts

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Mortgage rates jump, slamming homebuyers despite Fed’s outsize interest rate cuts

The average 30-year fixed mortgage rate has increased for the third week in a row to 6.5%, according to Freddie Mac. That rate is a quarter-point higher than it was two weeks ago.

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Mortgage rates jump, slamming homebuyers despite Fed’s outsize interest rate cuts

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