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Mortgage rates surpass 7% for first time in 2 years amid inflation, Iran war

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Mortgage rates surpass 7% for first time in 2 years amid inflation, Iran war

The 30-year fixed rate mortgage in the U.S. has gone over 7% for the first time since May 2024. CBS News business contributor Javier David breaks down what’s driving the spike.

Source: CBS News

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