Mortgage Rates Come Close To 7% As Foreclosure Filings Spike

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This week in the housing world, mortgage rates ascended to their highest level in 20 years, mortgage application activity remained at a quarter-century low, and foreclosure starts almost returned to pre-pandemic levels. On the Mortgage Front Freddie Mac (OTCMKTS:FMCC) reported the 30-year fixed-rate mortgage averaged 6.92% as of Oct. 13, up from last week when […]