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Mortgage rates held steady at the start of the week

The average top-tier 30-year fixed rate was essentially unchanged from last Thursday, and the broader 6.6% range is near the highest levels in about 10 months.

Reported · Written up by our desk · Mortgages

Mortgage News Daily reports that mortgage rates began the new week with little movement, with conditions described as calm after a three day holiday weekend.

The average top-tier 30-year fixed rate stayed almost perfectly flat versus last Thursday, with the Mortgage News Daily index down 0.01%.

Looking ahead, Mortgage News Daily said this week’s scheduled economic calendar is less consequential than the prior week, with essentially no major economic data after today.

In the bigger picture, the outlet noted that 30-year fixed rates are near the middle of their past 6 to 7 week range, which represents the highest levels in roughly 10 months, with 30-year fixed rates averaging just over 6.6%.

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