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Mortgage rates jump to nearly 7% after Fed rate hike — highest in nearly two years

Mortgage rates jump to nearly 7% after Fed rate hike — highest in nearly two years See more of our coverage in your search results. Mortgage rates climbed for the fourth week in a row, driving the average long-term US home loan rate to just below 7%, its highest level in over 19 months. The benchmark 30-year fixed rate mortgage rate rose to 6.95%…

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