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28.05.202616:14:20UTC+00US Mortgage Rate Rises to 9-Month High

The average rate on a 30-year fixed mortgage edged up by 2 basis points in the final week of May, reaching 6.53%, according to data from Freddie Mac. This marked its highest level in nine months. The increase occurred despite a decline in long-term Treasury yields during the period, as signs of progress in the US–Iran conflict eased some inflation concerns. Even so, benchmark borrowing costs remained elevated.

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