Due to the impact of the Middle East situation, U.S. mortgage rates have risen to 6.57%, hitting a seven-month high, and refinancing activity has shrunk significantly.
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US mortgage rates have risen for the fourth consecutive week, reaching a seven-month high, dealing another blow to the recovery momentum of the housing market.
According to data released by the Mortgage Bankers Association (MBA) on Wednesday, the contract rate for 30-year fixed mortgages rose by 14 basis points to