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Mortgage Rates in US Rise to 5.3%, Highest Since July 2009

  • More increases expected as the Fed acts to contain inflation
  • Some buyers are rushing to seal deals, while others drop out
A realtor gives a tour to potential home buyers during an open house in Manhattan Beach, California.

A realtor gives a tour to potential home buyers during an open house in Manhattan Beach, California.

Photographer: Patrick T. Fallon/Bloomberg

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US mortgage rates jumped again this week, extending a steep climb that is shutting some would-be homebuyers out of the market. 

The average for a 30-year loan was 5.3%, up from 5.27% last week and the highest since July 2009, Freddie Mac said in a statement Thursday.