Mortgage rates slow their rise

Econ & Housing

istock.com/ridvan_celik MCLEAN, Va. — Freddie Mac today released the results of its Primary Mortgage Market Survey (PMMS), showing the 30-year fixed-rate mortgage (FRM) averaged 6.94%. “Mortgage rates slowed their upward trajectory this week,” said Sam Khater, Freddie Mac’s chief economist. “The 30-year fixed-rate mortgage continues to remain just shy of seven% and is adversely impacting…

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