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The Latest Interest Information from Freddie Mac
Mortgage Rates Exceeds 6 percent for the First Time Since 2008
September 15, 2022
Mortgage rates continued to rise alongside hotter-than-expected inflation numbers this week, exceeding six percent for the first time since late 2008. Although the increase in rates will continue to dampen demand and put downward pressure on home prices, inventory remains inadequate. This indicates that while home price declines will likely continue, they should not be large.