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Struggling US home buyers, and market, face new hurdles as mortgage rates near 7%

Struggling US home buyers, and market, face new hurdles as mortgage rates near 7%
Photo: KSTP 5 Eyewitness News (ABC) · view original

Home shoppers holding out for relief from rising mortgage rates may be in for a long wait. The weekly average rate on a 30-year fixed-rate home loan has been rising for months and reached its highest level in over 14 months last week at 6.76%, according to mortgage buyer Freddie Mac. This week’s...

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