The 30-year mortgage rate averaged 7.63% as of October 19, up from 7.57% a week earlier and 6.94% in the year-ago period, according to Freddie Mac.
Two years ago, the average rate was only 3.09%.
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The Surge in Borrower Demand Reshapes the Lending Landscape Explore the recent surge in borrower demand reshaping the lending landscape. Discover factors driving this change, including consumer confidence, fintech innovation, and competitive interest rates.
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Mortgage Rates Rise for Sixth Straight Week, Nearing 8%
U.S. long-term mortgage rates have risen for a sixth consecutive week as they remain at their highest since December 2000. So reports the Associated Press.
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