Mortgage Interest Rates Today Explained

Hand holding torn financial chart split between green growth and red crash

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The average 30-year US mortgage rate stood at 7.24% at the end of October, according to Freddie Mac, as homebuyers weigh whether to wait for more Federal Reserve moves. The Fed held its benchmark rate at 3.75% to 4% on October 28, but two officials favoured a hike, and hotter October inflation has lifted market …

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