"Strong incoming economic and inflation data has caused the market to reevaluate the path of monetary policy, leading to higher mortgage rates," Sam Khater, Freddie Mac's chief economist.
"While the decline in mortgage rates has stalled in recent weeks due to strong economic and labor market conditions and an uneven decline in inflation, optimism that they will resume their decline remains high," says Realtor.com® economic data manager Sabrina Speianu.
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