Mortgage rates hit highest level since 2001 in latest blow to homebuyers

Mortgage rates hit highest level since 2001 in latest blow to homebuyers

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The average long-term mortgage rate climbed further above 7% this week to its highest level since 2001, another blow to would-be homebuyers grappling with rising home prices and a stubbornly low supply of properties on the market. Mortgage buyer Freddie Mac said Thursday that the average rate on…

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