Mortgage Rates Rise to 6.7%, Highest Since 2007

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Mortgage Rates Rise to 6.7%, Highest Since 2007
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Mortgage rates rose to 6.7%, their highest since 2007, adding pressure on the cooling 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%.

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