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30-year fixed-rate mortgage rose to its highest level in nearly 3 years at 7.28% (Video)

The benchmark 30-year fixed-rate mortgage rose to 7.28% from 7.03% last week, mortgage buyer Freddie Mac said Thursday, the biggest leap in four years. A year ago, the average rate was 6.34%. It is the sixth consecutive week that mortgage rates have increased.

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30-year fixed-rate mortgage rose to its highest level in nearly 3 years at 7.28% (Video)

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