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Mortgage rates rise to highest level since 2007 after latest Fed interest-rate hike

Por: CBS News Business September 22, 2022

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Average long-term U.S. mortgage rates jumped by more than a quarter-point this week to their highest level since 2007 as the Federal Reserve intensified its effort to tamp down decades-high inflation and cool the economy.Mortgage buyer Freddie Mac Thursday that the 30-year rate climbed to 6.29%, . That's the highest its been since August of 2007, a year before a crash in the housing market triggered the Great Recession. The average rate on... + full article



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