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NPR News·3 min read·medium

Mortgage rates hit their highest level in a year, driven by war and inflation concerns

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Stephan Bisaha
Mortgage rates hit their highest level in a year, driven by war and inflation concerns
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Average 30-year fixed mortgage rates have risen to 6.66%, the highest level in a year. This increase is largely attributed to rising oil prices caused by ongoing conflict in Iran, which has impacted broader economic inflation and Treasury yields.

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The average 30-year fixed-rate mortgage hit 6.66% this week, according to the Federal Home Loan Mortgage Corp., commonly known as Freddie Mac.

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