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Mortgage rates continue their slow climb, leaving buyers and refinancers with tough choices. Here’s how to stay financially smart as borrowing costs remain high.
If you’re shopping for a home this summer, brace yourself: mortgage rates aren’t done climbing yet. NerdWallet’s latest forecast suggests June could bring another uptick in borrowing costs, continuing a frustrating trend that’s kept rates stubbornly above 6.75% since mid-April. The culprit? A perfect storm of economic factors that’s pushing long-term interest rates higher across the board.
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