Money

Rapid rise in mortgage rates startles homebuyers, who blame inflation fears

Susan Tompor, Detroit Free PressComments Off on Rapid rise in mortgage rates startles homebuyers, who blame inflation fears

The average 30-year rate was 3.08% in November but shot up to 3.54% by mid-January. The speed is a bit startling, but so was the spike in inflation.

     
Susan Tompor, Detroit Free Press
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