A 30-year fixed rate mortgage has recently topped 7%, according to Freddie Mac. For homebuyers, this rising interest rate poses a significant challenge. Daryl Fairweather, a Redfin expert, discussed the reasons behind the increasing rates and offered advice for prospective buyers.
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Source: https://edition.cnn.com/2025/01/16/business/video/mortgage-rates-top-7-percent-digvid