Mortgage rates

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Mortgage repayments rose more than half a percentage point this week due to rising

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inflation and rising Federal Reserve interest rates, says Freddie Mac

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The jump was the largest in a week since 1987.

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The 30-year fixed-rate mortgage averaged 5.78% in the week ending 16 June,

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compared with 5.23% in the previous week. Rates have risen by more than two

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a half percentage points this year.

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Last year they have an average of 2.93%.

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