Mortgage rates surge past 7%, reaching highest level since November
By Bryan Mena, CNN Washington (CNN) — Mortgage rates soared this week, breaching the key 7% threshold and extending America’s housing affordability crisis. The 30-year fixed-rate mortgage averaged 7.10% in the week ending April 18, up from 6.88% the previous week, according to Freddie Mac data released Thursday. A year ago, the average 30-year fixed-rate
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