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Kiplinger
Kiplinger
Business
Choncé Maddox

Mortgage Rates Are Rising Again — and the Housing Market Is Feeling It

(Image credit: Getty Images)

After briefly dipping earlier this year, average 30-year mortgage rates have jumped from roughly 5.99% to around 6.38% in a short window, according to Freddie Mac.

That is not a dramatic spike compared to the highs of 2023, but it is enough to rattle a housing market that was already on edge heading into the spring buying season.

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