Lumber prices fall as mortgage rates hit fresh 13-year high to edge closer to 6%

Industry News

Lumber prices fell Thursday, marking the first decline in more than a week, as mortgage rates rose to the highest since November 2008. Prices dipped 2.3% to $598.50 per thousand board feet, after rallying for six consecutive sessions to edge back above $600. Freddie Mac said that 30-year fixed-rate mortgages rose to 5.81% from 5.78%…

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