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Long-term mortgage rates cross 7% mark for first-time in more than 10 years

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  • 30-year fixed-rate mortgage averaged 7.08% with an average 0.8 point for the week ending Oct. 27, up from last week when it averaged 6.94% and higher than 3.14% a year ago, according to the Freddie Mac Primary Mortgage Survey.
  • 15-year

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