As mortgage rates surge higher, these home buyers are being pushed out of the market

The steep upward climb in mortgage rates still isn’t showing any signs of stopping.

The average rate on a 30-year fixed-rate mortgage was 4.72% as of the week ending April 7, Freddie Mac FMCC reported Thursday, up from 4.67% a week earlier. The last time the interest rates on home loans were this high was in the fall of 2018.

This is the sixth …

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