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flag U.S. 30-year fixed mortgage rates climb to 6.83%, highest since late February, likely deterring homebuyers.

flag The average rate for a 30-year fixed mortgage in the U.S. has risen to 6.83%, its highest since late February, potentially discouraging homebuyers during the spring buying season. flag This increase, up from 6.62% the previous week, is influenced by global demand for U.S. Treasuries, the Federal Reserve's policies, and inflation expectations. flag Additionally, the 15-year fixed-rate mortgage average increased to 6.03%.

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