from the highest rating also contributed to the most recent spike in mortgage rates, according to Channel.
"They are often volatile on week to week basis. Generally speaking, they don't stay flat, they are often moving up or down," Channel said. "Buyers shouldn't expect a ton of relief. They should expect mortgage rates to remain relatively steep, in the 6% to 7% range. But just because they've risen over last few weeks doesn't mean they'll keep rising in perpetuity," Channel said.
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