Homebuyers advised to shop around with different lenders as mortgage rate nears 7%

Interior view of a house under construction

photovs/iStock via Getty Images

30-year fixed-rate mortgage averaged 6.70% with an average 0.9 point for the week ending Sep. 29, up from last week when it averaged 6.29%; higher than 3.01% a year ago, according to the Freddie Mac Primary Mortgage Survey.


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