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Mortgage rates hit highest level in nearly a year

Mortgage rates rose again this week and reached the highest level in nearly a year, mortgage buyer Freddie Mac said on Thursday.Freddie Mac's latest Primary Mortgage Market Survey showed the average interest rate on the benchmark 30-year fixed mortgage rose to 6.58% this week, up from 6.55% last week.This week's reading is the highest in about 11 months, as the 30-year fixed mortgage rate was last at 6.58% on Aug. 21, 2025. At this time a year ago, the rate was 6.74%.HOUSING AFFORDABILITY TO IMPROVE AS HOME PRICE GROWTH COOLS, REALTOR.COM FORECASTS"The 30-year fixed-rate mortgage averaged 6.58...