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Mortgage Rates Rise to 6.7%, Highest Since 2007
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Mortgage rates rose to their highest level in more than 15 years, a new postcrisis high that adds pressure to the already cooling U.S. housing market.
The average rate on a 30-year fixed mortgage climbed to 6.7%, according to a survey of lenders released Thursday by Freddie Mac. lt was the highest rate since July 2007. A year ago, rates were 3.01%.
Read more on wsj.comAbout this in other media
Mortgage Rates Hit 6.92%, a 20-Year High wsj.com /2 years ago
Barratt reports slump in new home orders as mortgage rates rise theguardian.com /2 years ago
UK house prices expected to fall as mortgage rates soar theguardian.com /2 years ago
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