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Mortgage rates rise to a seven-year high

(LA Times Real Estate) - 2 months ago
 The average rate on a 30-year fixed mortgage is nearing 5%, following a surge this week that put borrowing costs at their highest level since 2011, according to Freddie Mac. The sharp increase in mortgage rates — to 4.9% this week, from 4.71% last week and 3.91% a year ago — stems from the same......
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