Mortgage rates rise to 6.7%, highest since 2007

Mortgage rates rose to their highest level in more than 15 years, a new post-crisis high that added pressure to an already cooled US housing market.

The average interest rate on a 30-year fixed mortgage has risen to 6.7%, according to a survey of lenders released Thursday by Freddie Mac. That is the highest rate since July 2007. A year ago, the rate was 3.01%.

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