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Kiplinger
Kiplinger
Business
Ben Demers

Mortgage Rates Jump to Highest Mark in More Than 21 Years

Graph with house shaped bars ascending.

Mortgage rates have been on a tear ever since the Federal Reserve started raising interest rates to fight out of control inflation last year. This week marked a painful milestone for prospective homebuyers, as 30-year fixed-rate mortgages rose to their highest level in over two decades.

Mortgage rates give homebuyers headaches

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