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Average mortgage rates reach highest level this year

Average mortgage rates reach highest level this year
Photo: NewsChannel 5 WTVF (CBS affiliate) · view original

Mortgage rates have hit their highest level since July of last year, with the average 30-year fixed mortgage rate rising to 6.71% this week, according to Freddie Mac. The eye-popping number has some home-buyers hesitating and some home-sellers at a standstill. "For the average Joe, it means you c...

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