Freddie Mac Freddie Mac

That Benchmark Mortgage Rate Typically Isn’t Offered

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wsj.com

Last week’s news that mortgage rates topped 6% might have come as quite a surprise for many buyers, but not because the rate was so high.On the contrary, house hunters have been encountering mortgage rates above 6% as far back as June.

They might wonder why that’s only now reflected in the widely reported benchmark national average, which comes from a weekly survey from Freddie Mac , the government-sponsored mortgage-loan giant.

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