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30-year fixed mortgage rate jumps to 7.45%, highest since April 2024
The move came as bond prices fell and mortgage-related yields rose, pushing the 30-year fixed rate to its highest level since April 2024.
CNBC Real Estate reports the 30-year fixed mortgage rate jumped to 7.45% on Thursday, its highest level since April 2024.
The outlet attributes the sharp rise to a selloff in bonds and an increase in yields.
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CNBC Real Estate30-year fixed mortgage rate jumps sharply Thursday to 7.45%