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The average long-term U.S. mortgage rate remained above 7% this week, reaching its highest level in nearly three years
The average rate on a 30-year fixed mortgage rose this week to 7.28%, according to the latest Freddie Mac data released Thursday. That is up from last week's reading of 7.03%.
Oct 1 (Reuters) - The interest rate on the most common US home loan shot up by a quarter percentage point this week to the highest in almost three years on the back of surging government bond yields,