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Freddie Mac: Mortgage Rates Surpass 4%

First Anniversary Of Help To Buy

Photo: Getty Images

Mortgage rates are hitting a level not seen in nearly three years. 

Freddie Mac says that figure has surpassed 4%. 

The mortgage loan company says it's the first time that has happened since May 2019. 

Its chief economist warned the Federal Reserve's action to raise interest rates now and in the future means mortgage rates will likely follow the same trajectory.


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