Mortgage Rates Hit 7.4%, Highest Since 2023

Mortgage rates have climbed for seven straight weeks, hitting 7.4% — their highest level since 2023. Rising inflation concerns, bond market volatility, and higher borrowing costs are putting even more pressure on an already sluggish housing market. Kathy Fettke breaks down what's driving rates higher, how they're impacting homebuyers and real estate investors, and where opportunities may still exist.

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