30-Year Mortgage Rates Climb for Third Straight Day
The rise follows a recent low, with refinancing rates also increasing amidst economic speculations.
- 30-year mortgage rates have risen for a third consecutive day, reaching an average of 7.45%.
- The increase follows a period of decline, with rates previously hitting their lowest since early February.
- Refinancing rates have also climbed, with the 30-year refinance average now at 7.80%.
- Economists predict mortgage rates may gradually decrease in the latter half of 2024 as inflation eases.
- The Federal Reserve's upcoming meeting is highly anticipated, with expectations of maintaining the current interest rate.
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