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30-Year Mortgage Rates Pushing 6% Again

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Today, in the Calculated Risk Real Estate Newsletter: 30-Year Mortgage Rates Pushing 6% Again

Excerpt: After reaching 6.28% on June 14th, 30-year mortgage rates decreased to a low of 5.05% on August 1st according to Mortgagenewsdaily.com. Since then, rates have been moving up, and rates increased today to 5.95%, probably due to Fed Chair Powell’s speech on Friday.

… Not only was Powell suggesting that a 75bp rate hike was possible in September (although most analysts expect 50bp), but he also cautioned against the view of a “pivot” in 2023 with the Fed cutting rates.

There is much more in the article. You can subscribe at https://calculatedrisk.substack.com/

Update: Framing Lumber Prices Up Slightly Year-over-year

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