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Mortgage rates extend wild spring ride, increasing to highest level in nearly nine months
Mortgage rates extend wild spring ride, increasing to highest level in nearly nine months
Mortgage rates extend wild spring ride, increasing to highest level in nearly nine months

Published on: 05/21/2026

This news was posted by Oregon Today News

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The benchmark 30-year fixed rate mortgage rate rose to 6.51% from 6.36% last week, mortgage buyer Freddie Mac said Thursday. Despite the sharp increase, the average rate remains below 6.86%, where it was a year ago.

The average long-term U.S. mortgage rate climbed this week to its highest level in nearly nine months, driving up borrowing costs for homebuyers during what’s traditionally the housing market’s busiest time of the year.

News Source : https://www.oregonlive.com/realestate/2026/05/mortgage-rates-extend-wild-spring-ride-increasing-to-highest-level-in-nearly-nine-months.html

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