The average long-term US mortgage rate rises for 7th straight week, 30-year loan reaches 7.79%
NEW YORK (AP) — The average rate on the benchmark 30-year home loan rose for the seventh straight week, making a significant hurdle for prospective homebuyers. The rate on the long-term loan is 7.79%, up from 7.63% last week and 7.08% a year ago. As mortgage rates rise, they can add hundreds of dollars a
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