Economic data indicating that the U.S. economy has remained resilient despite the Federal Reserve's tightening monetary policy led to a substantial increase in mortgage rates last week.Does this mean mortgage rates are close to reaching the 7% level again?"Mortgage rates have been rising after the jobs report was solid, retail sales beat expectations, and the homebuilder's confidence is rising," Logan Mohtashami, lead analyst for HousingWire, said.
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