US average mortgage rates jump; 30-year loan at 3.05% - NewsBreak

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By Gesard in Business
Updated 2 years ago

WASHINGTON (AP) — Average long-term mortgage rates jumped this week, with the benchmark 30-year loan again breaching 3%. Mortgage buyer Freddie Mac reported Thursday that the average rate for a 30-year mortgage rose to 3.05% from 2.99% last week. That is its highest level since April, when it peaked at 3.18%. The key rate stood at 2.81% this time last year.

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