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Mortgage rates snap three-week pullback, average rate on 30-year loan back above 7%

Thu May 30 , 2024
LOS ANGELES — The average rate on a 30-year mortgage moved back above 7% this week, a setback for home shoppers at a time when the U.S. housing market is already slowing under the strain of elevated home loan borrowing costs and rising prices. The rate rose to 7.03% from […]

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