Mortgage Rates Rise for Third Week Straight—but That’s Not the Worst News

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Mortgage Rates Rise for Third Week Straight—but That’s Not the Worst News

Mortgage rates rose for the third week in a row, dashing homebuyers’ hopes that real estate might become a bit more affordable near summer’s end. Interest rates for a 30-year fixed-rate mortgage averaged 6.96% for the week ending Aug. 10, according to Freddie Mac . That’s up significantly from a year ago when rates averaged
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