Mortgage rates surpass 6 percent for the first time since 2008

Borrowing costs have doubled in the past nine months as the Federal Reserve has increased interest rates The 30-year fixed-rate average hit 6.02 percent this week, reaching its highest level in 14 years. (Jim Lo Scalzo/EPA-EFE/REX/Shutterstock) Mortgage rates surpassed 6 percent for the first time in 14 years as inflation proved resistant so far to …

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