A “For Sale” sign in front of a home in Arlington, Va., on Aug. 22, 2023. A “For Sale” sign in front of a home in Arlington, Va., on Aug. 22, 2023. Andrew Caballero-Reynolds/AFP via Getty Images Mortgage rates have surpassed the 7 percent mark owing to a rise in economic factors. The rate has been on a steady upward trend since September 2024, with a slight dip in December. “The underlying strength of the economy is contributing to this increase in rates,” said the corporation. Rising prices have, in…

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