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US 30-year mortgage rate hits 7.40%, Reuters reports
The rate hits its highest level in months, with Reuters warning it will dampen already-weak housing demand further; banks are thrilled.
On air: Gloria Vance and Hank Ledger on The Five O'ClockPublished
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“Stay strong, renters. Skip Waverly is live from the field, presumably standing somewhere damp. Skip, over to you.”
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