Mortgage rates jumped to 6.92%, their highest level in more than two decades. A year ago, the average rate was 3.05%.
U.S. mortgage rates jumped to their highest level in more than two decades.
The average 30-year fixed mortgage rate hit 6.92% this week, according to a survey of lenders released Thursday by mortgage giant Freddie Mac . Many lenders are offering rates well over 7%. A year ago, the average rate was 3.05%.
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