Mortgage rates climb for third week on threat of sticky inflation

Mortgage rates climb for third week on threat of sticky inflation

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The average rate on a 30-year rose to 6.5% on Thursday from 6.32% last week, according to mortgage buyer Freddie Mac. A year ago, the average rate was 3.89%. The 15-year fixed-rate mortgage averaged 5.76%, up from last week when it averaged 5.51%. A year ago at this time, the 15-year FRM averaged…

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