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Average rate on a 30-year mortgage edges above 7%, according to Freddie Mac, reaching its highest level in 8 months.

Mortgage rates are now above 7 percent, but there are still options for securing a rate in the 3 percent range or lower ...

MCCLEAN, Va. (AP) — Average rate on a 30-year mortgage edges above 7%, according to Freddie Mac, reaching its highest level in 8 months.