Mortage Rates Hit 6.7%, Highest In 15 Years

  • Freddie Mac reported that the average on the 30-year mortgage rate rose 6.7% from 6.29% last week.
  • That’s the highest average rate in 15 years. A year ago the rate was 3.01%.
  • The soaring mortgage rate is likely to sideline prospective homebuyers.

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