Mortgage Rates Hit 9-Month High, Freezing Out Homebuyers In Peak Season
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Source: Zero Hedge
Published: 2026-05-22 20:55 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Economy & Finance, Financial Markets, Property & Housing, Business & Economy
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Snippet:
The average rate on a 30-year fixed mortgage climbed to its highest level since August, threatening to derail the spring selling season as higher Treasury yields and renewed inflation pressure push loan costs higher and freeze more prospective buyers out of the market.
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