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Benzinga
Benzinga
Business

Mortgage Rates Inch Up To 6.72% After 5 Weeks Of Decline, But Experts See Stability Ahead

Home Purchase

The average long-term U.S. mortgage rate has risen, marking the end of a five-week downward trend. Despite this increase, experts predict that mortgage rates will remain relatively stable in the coming months.

What Happened: The average rate for a 30-year U.S. mortgage increased to 6.72% from 6.67% last week, as reported by ABC News via mortgage buyer Freddie Mac (OTC:FMCC).

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