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Mortgage rates approach 3-year high as new applications plunge

World · 2 min · 4d ago · Axios
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Mortgage rates spiked to their highest level in nearly three years, continuing their climb above the 7% threshold. Why it matters: Housing sales were already slow due to a lack of…

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How we verified this · single source · not yet corroborated

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The thread

  1. Average five-year fixed mortgage rate hits 6% for first time in three years
  2. US borrowing costs hit 24-year high as global bond sell-off intensifies