Mortgage Charges Quick Approaching 5%, a Recent Blow to Housing Market

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Mortgage charges hit their highest stage in additional than seven years this week at practically 5%, a stage that would deter many dwelling patrons and represents one other setback for the slumping housing market.

The common charge for a 30-year fixed-rate mortgage rose to four.9%—the most important weekly soar in about two years—in accordance with knowledge launched Thursday by mortgage-finance large Freddie Mac.


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