So you've seen the numbers. The average 30-year home loan rate has hit 7.18%. A little higher than you'd like, right? But hey, let's talk about why this might not be the cloud on your home-buying parade you think it is.
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Mortgage rates increased one basis point to 3.11% in the week ending Dec. 2, ignoring the volatility in the financial markets caused by the Omicron Covid variant. A year ago at this time, the average 30-year fixed-rate loan averaged just 2.71%...
