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Mortgage rates jump to highest level since March
C
CNBC
May 13, 2026
Mortgage RatesSource: GNews
Mortgage rates surged to the highest level since March in reaction to two hotter-than-expected inflation reports.
An exceptionally hot read on inflation early Wednesday, the government's Producer Price Index, or PPI, sent bond yields higher, and mortgage rates followed. Rates had already been surging higher earlier this week on news of more trouble in negotiatio... [1726 chars]
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Originally published by CNBC
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