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The Nexus
BUSINESSJul 30 · 16:12 UTCWTOP DCWTOP Staff

Average 30-year US mortgage rate rises to highest level in a year at 6.66%

The average 30-year U.S. mortgage rate rose to 6.66%, the highest level in a year, according to Freddie Mac. Higher mortgage rates are limiting homebuyers' purchasing power and contributing to sluggish home sales. The increase is linked to rising oil prices due to the conflict in Iran and expectations of higher inflation.

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Freddie Macorganization30-year fixed-rate mortgagetopic15-year fixed-rate mortgagetopicFederal ReserveorganizationIran conflicttopic10-year Treasury Yieldtopic
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