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BUSINESSJul 23 · 16:04 UTCWDIV CLICKONDETROITAlex Veiga, Associated Press

Average 30-year US mortgage rate climbs to 6.58%, highest level in nearly a year

The average 30-year U.S. mortgage rate rose to 6.58%, the highest in nearly a year, driven by rising oil prices and economic expectations. Freddie Mac reported increases in both 30-year and 15-year fixed-rate mortgages, with the 10-year Treasury yield rising to 4.7% amid escalating conflict in Iran.

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Freddie Macorganization30-year fixed-rate mortgagetopic15-year fixed-rate mortgagetopicFederal Reserveorganization10-year Treasury YieldtopicIranplaceoil pricestopic
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