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6.94%

The average long-term U.S. mortgage rates this week, as reported by mortgage buyer Freddie Mac; last year at this time, the rate was at just 3.09 percent. The average rate on 15-year, fixed-rate mortgages also increased this week to 6.23 percent, as compared to 6.09 percent last week.

(Associated Press — Oct. 20, 2022)


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