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30-Year US Mortgage Rates Hit 7.4%, Highest Since November 2023
Freddie Mac reported a seventh straight weekly increase, with the average 30-year fixed rate rising from 7.28% to 7.40%.
TLDR
Freddie Mac reported that the average 30-year fixed mortgage rate rose to 7.40% from 7.28% the previous week. That marked its seventh consecutive weekly increase and its highest level since November 2023.
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