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US mortgage interest rates rise above 6% for first time since 2008
short by Dharini Mudgal / on Wednesday, 14 September, 2022
US mortgage interest rates increased above 6% for the first time since 2008, Mortgage Bankers Association (MBA) data showed on Wednesday. The average contract rate on a 30-year fixed-rate mortgage increased by seven basis points to 6.01% for the week ending September 9. MBA added its Market Composite Index (MCI) declined 1.2% from a week earlier.
read more at Reuters