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U.S. 30-Year Mortgage Rates Rise to 6.57%, Highest Since Last August

Home loan demand weakened as purchase applications fell for a second straight week and refinancing activity dropped 17.3% in the week ended March 27.

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Terms & Concepts
  • Basis points: A unit equal to one-hundredth of a percentage point, commonly used to describe changes in interest rates and bond yields.
  • Treasury-linked rates: Borrowing costs influenced by U.S. Treasury yields, which often help determine mortgage pricing across the market.