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The content originally appeared on: CNN (CNN)Mortgage rates continued to climb this week following comments by Federal Reserve Chairman Jerome Powell that the central bank is taking 'forceful and rapid' steps to reduce inflation and slow the economy. The 30-year fixed-rate mortgage averaged 5.66% in the week ending September 1, up from 5.55% the week before, according to Freddie Mac. That is significantly higher than this time last year when it was 2.87%. After starting the year at 3.22%, mortgage […]
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