NPR News·3 min read·medium
Mortgage rates hit their highest level in a year, driven by war and inflation concerns
S
Stephan Bisaha
✦AI Summary
Average 30-year fixed mortgage rates have risen to 6.66%, the highest level in a year. This increase is largely attributed to rising oil prices caused by ongoing conflict in Iran, which has impacted broader economic inflation and Treasury yields.
The average 30-year fixed-rate mortgage hit 6.66% this week, according to the Federal Home Loan Mortgage Corp., commonly known as Freddie Mac.
economybusiness
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