Washington CNN —
Americans looking to purchase a home in the next few years will have a tough pill to swallow.
After hitting two-decade highs nearing 8% late last year, mortgage rates have fallen, dipping nearly as low as 6% in September. But rates have steadily crept up ever since. The average rate on a standard, 30-year fixed mortgage was 6.84% this week, Freddie Mac said Thursday, representing the seventh weekly increase over the past eight weeks.
Mortgage rates are expected to stay stuck above 6% for at least the next two years, according to
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