The average rate on a 30-year fixed mortgage rose this week to 7.28%, according to the latest Freddie Mac data released Thursday. That is up from last week's reading of 7.03%.

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The average rate on 30-year fixed mortgages hit 7.28% for the week ending Oct. 1, up 25 basis points from last week.

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The average 30-year fixed mortgage rate jumped to 7.28% from 7.03%, its highest level since November 2023 and the biggest ...

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