US Mortgage Rates Jump to 6.51%, Highest Since August

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US 30-year mortgage rates surged to 6.51% from 6.36% this week, marking the biggest weekly increase since March. The spike threatens the spring housing market recovery that was gaining momentum. Rising mortgage rates signal tighter financial conditions and potential Fed hawkishness, likely strengthening USD. Higher rates reduce housing demand and economic growth prospects, creating mixed signals for dollar pairs.

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