Mortgage rates are more than double where they were a year ago, adding pressure to the already cooling U.S. housing market.
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Mortgage costs rose to their most degree in more than 15 years, a brand new immoderate for the cause that 2008-09 economic disaster that provides strain to the already cooling U.S. Housing market.
The average fee on a 30-year constant loan climbed to six.7%, in step with a survey of creditors released Thursday thru Freddie Mac. Lt emerge as the best rate on the grounds that July 2007 and marked the sixth week in a row of rising costs.
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