Benchmark mortgage rate tops 7 percent, highest in 2 years

The average 30-year mortgage rate has surpassed 7 percent, marking the first time it has done so since January 2025. The benchmark 30-year fixed mortgage rate is 7.03 percent this week, up from 6.95 percent last week, according to data from Freddie Mac. It marks the fifth consecutive weekly rise in mortgage rates, and the…

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