30-year mortgage rate hits highest level in more than 14 months

  • 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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