Mortgage Rates Hit 7% for Sixth Straight Week — SkimNews
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- Mortgage rates rose for a sixth consecutive week to 7%, with one outlet's headline tying the move to "Iran War Fallout" pressuring markets
- Refinance and homebuyer demand were hit hard by the sustained rate climb, compounding existing housing affordability challenges per PBS and CNBC headlines
Why it matters: Six straight weeks of rate increases to 7% means prospective buyers face higher monthly payments while homeowners lose refinancing incentive, squeezing an already strained housing market.
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