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Average 30-Year Mortgage Rate Reaches 7.03 Percent

The average 30-year mortgage rate has increased to 7.03 percent, the highest since January 2025. This rise follows a previous rate of 6.95 percent last week and represents the fifth consecutive weekly increase in mortgage rates.

Companies
Freddie Mac

Our neutral summary

The average 30-year mortgage rate has increased to 7.03 percent, the highest since January 2025. This rise follows a previous rate of 6.95 percent last week and represents the fifth consecutive weekly increase in mortgage rates.

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Original Headline

Benchmark mortgage rate tops 7 percent, highest in 2 years

Neutral Headline

Average 30-Year Mortgage Rate Reaches 7.03 Percent