Real Estate
Mortgage Rates Jump for Fifth Week, With 30-Year Reaching 6.72%
- Freddie Mac economist sees more volatility for the near term
- Strong economic data point to potentially smaller Fed rate cut
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Mortgage rates in the US rose for the fifth week in a row.
The average for a 30-year, fixed loan was 6.72%, up from 6.54% last week, Freddie Mac said in a statement Thursday.