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Mortgage Rates Reach 8-Month High. Should Buyers Be Worried?

·3 min read
Mortgage Rates Reach 8-Month High. Should Buyers Be Worried?

Mortgage rates have been sitting at competitive levels since 2020, and that's fueled a major surge in buyer demand. In fact, mortgage lenders have been busy over the past year and a half processing applications for purchase mortgages as well as refinances. Last week, they reached their highest level in eight months, according to the Mortgage Bankers Association.