Benchmark mortgage rate hits highest mark in more than a year

2 hours ago 4

The 30-year mortgage rate reached its highest mark in more than a year Thursday, portending lower purchasing power for prospective homebuyers. The benchmark 30-year fixed mortgage rate is 6.71 percent this week, up from 6.66 percent a week ago, Freddie Mac reported Thursday. That is the highest point for the 30-year rate since the week…

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