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In 2021, we saw mortgage interest rates between 2% and 3% — some of the lowest rates we’ve ever had on record. Even now, mortgage rates hover around 7% for a 30-year conventional mortgage loan. While this isn’t as high as it was last October when rates climbed to almost 8%, rates are still two to three times what they were during 2020 to 2022.
See the full article on mortgage interest rates, or, read more Arizona real estate investing news.
