Reposted by Bruce Pollock
Breaking News: The average 30-year, fixed-rate mortgage made its biggest weekly jump in four years, rising to 7.28%.
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As Mortgage Rates Hit Highest Level Since 2023, Buyers Look at ARMs
The average 30-year, fixed-rate home loan rose to 7.28 percent, up from 6.34 percent a year ago. More buyers are now turning to adjustable-rate mortgages.