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The Wall Street Journal

That Benchmark Mortgage Price Usually Isn’t Provided

Final week’s information that mortgage rates topped 6% might need come as fairly a shock for a lot of patrons, however not as a result of the speed was so excessive.

Quite the opposite, home hunters have been encountering mortgage charges above 6% way back to June. They may marvel why that’s solely now mirrored within the extensively reported benchmark nationwide common, which comes from a weekly survey from Freddie Mac, the government-sponsored mortgage-loan large.

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