The Freddie Mac weekly update on mortgage rates is out today. The 4.86% rate is the second weekly rise following the five-week decline from the 5.05% interim high reported on February 10th. The first chart features an overlay of the 30-year fixed rate (excluding points) with core and headline inflation based on the Consumer Price Index since 2007. In light of the ongoing crisis in residential real estate, this data series is one I've been following closely.
Here is a long-term view of the complete data series from Freddie Mac, which dates from 1971.
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