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The average rate on a 30-year mortgage in the U.S. rose this week, returning to where it was just three weeks ago.

This is not a time to borrow casually. Many economists are forecasting an economic slowdown or even a recession, and some are expecting a spike in inflation, which could lead to higher interest rates.

Today's average 30-year mortgage rate is 6.90%. Rates are up across all loan types, including 15-year and jumbo mortgages.

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