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Mortgage rates rise after five-week decline Wed, Jul 3, 2024, 8:30 PM GMT+2 0 Video Transcript Advertisement Up next Why manufacturing domestically is worth higher prices Wed, Jul 3, 2024,...
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Yahoo Finance reporter Rebecca Chen delves into the implications of this shift for the housing market. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Angel Smith All right, we got the latest reading on the housing market, mortgage rates higher for the first time in five weeks. We want to bring in Yahoo Finance's Rebecca Chen joining us now with the details. Hey Rebecca, hey Shana, we have seen mortgage rate, the fixed 30 year average rate increase about nine basis points this week according to Freddie Mac. Now this is the first time since May, that rate has increased and also the first time in over four weeks that it went up. Uh we've seen rates hover around a 7% mark for a while now. And one housing actually said this has helped inventory to come back to the market. And the reason is because with a more stabilized mortgage rate, more homeowners are willing to list th
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