Mortgage rates have ticked up for the third consecutive week, reaching levels we haven’t seen since July 2024. Freddie Mac’s latest Primary Mortgage Market Survey reveals the grim reality: the average rate on a 30-year fixed mortgage has climbed to 6.91%, up from 6.85% just last week. A year ago, that rate stood at a mere 6.62%. But don’t let the percentages fool you. This is more than a numbers game; it’s about pushing an already fragile housing market into oblivion. The market’s stagnation isn’t some organic downturn—it’s engineered. When rates spike like this, the dream of owning property becomes a pipe dream for most Americans. The Federal Reserve knows this, and they’re banking (pun intended) on your inability to…
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