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November 25, 2022
LOS ANGELES (AP) — The average long-term U.S. mortgage rate edged lower for the second time in as many weeks, though it remains more than double what it was a year ago —- a significant hurdle for many would-be homebuyers.
Mortgage buyer Freddie Mac reported Wednesday that the average on the benchmark 30-year rate fell to 6.58% from 6.61% last week. A year ago the average rate was 3.1%.
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