M&D Blog

Interest Rates Rising How Does This Affect Housing Market

Interest Rates Increased Again: Now What?

The Fed raised interest rates another 75 basis points Wednesday, July 27 (three quarters of a percentage point). Ironically, however, mortgage rates fell to 5.59 percent this week, down from the average of 5.76 percent they were last week, according to latest reports by Bankrate.

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