- Mortgage rates rose again this week, topping 7% for the first time since 2002.
- The 30-year fixed-rate mortgage averaged 7.08% in the week ending October 27, up from 6.94% the week before, according to Freddie Mac.
- A year ago, the 30-year fixed rate stood at 3.14%.
- The last time the average rate surpassed 7% was in April 2002.
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