So much for improvement in the mortgage interest rate space. After dropping by around a full percentage point from January 2025 to January 2026 and after briefly hovering below the 6% mark as late as mid-April, rates here have dramatically reversed course. The average rate on a 30-year term on May 21 , for example, was 6.62% compared to the 5.99% rate it sat out the month before. And there's been little improvement in June, especially after the latest inflation reading showed a surge to the

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