According to Freddie Mac, the 30-year fixed-rate mortgage averaged 6.7% in the week ending September 29, up from 6.29% the prior week.
That’s the highest mark since 2007 and compares with 3.01% a year ago.
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U.S. long-term mortgage rates have risen for a six consecutive week, to levels unreached since before the Great Recession. So reports The Guardian.
According to Freddie Mac, the 30-year fixed-rate mortgage averaged 6.7% in the week ending September 29, up from 6.29% the prior week.
That’s the highest mark since 2007 and compares with 3.01% a year ago.