30-year mortgage rate hits highest level in more than 14 months
AI Summary
30-year mortgage rate reaches its highest level in more than 14 months.
More than 14 months have passed since the rate was last at this level.
Housing affordability continues to face a shrinking window.
The 30-year mortgage rate has reached its highest level in more than 14 months, adding pressure to housing affordability and narrowing the window for prospective buyers.
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