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Highest Mortgage Rates in Nearly 2 Years

Published 4 months ago

Seemingly overnight, the mortgage rate narrative has changed rather drastically, at least in relative terms. While rates had risen gradually from near-all-time lows in August, they were still in a historically low range by the end of December. A week later and we're at the highest levels in 2 years.

There are all kinds of ways to quantify the movement, but a chart provides the clearest picture.

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