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HISTORICAL FACTS: Mortgage rates hit 6 for the first time since 2008 | History Defined

Mortgage rates have reached 6% for the first time since November 2008, according to new data Freddie Mac released Thursday.

Why it matters: Rising mortgage rates could dissuade prospective homebuyers, and particularly first-time buyers, from pursuing ownership. The climbing rates have sent demand for mortgages plummeting compared to last year.


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