US 30-year fixed mortgage rate rises to 7.45%, highest since April 2024
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The average 30-year fixed U.S. mortgage rate hit 7.45% on Thursday, up 19 basis points from 7.26% the day before and the highest level since April 2024, as bond yields surged. Mortgage News Daily revised its broker survey upward in the afternoon after the 10-year Treasury yield climbed further; Freddie Mac’s weekly average had just crossed 7% earlier that morning.
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