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Mortgage rates hit highest level since 2008

According to Freddie Mac, the average rate for 30-year fixed-rate mortgages was 5.89% in the week ending Sept. 8, up from 5.66% the week before. This is significantly higher than last year’s 2.88%. After starting the year at 3.22%, mortgage rates surged in the first half of the year, reaching 5.81% in mid-June. But since … Read more