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Mortgage rates edge higher to start the week, 30-year fixed at 6.73%

The average top-tier 30-year fixed rate rose 0.02% to 6.73%, still below the recent high of 6.85%.

Reported · Written up by our desk · Mortgages

Mortgage News Daily reports that mortgage rates moved higher to start the new week after ending last week near the lowest level since July 17. The outlet cited escalating U.S. and Iran tensions as a driver, noting that higher fuel prices and a close link between bond yields and consumer interest rates have influenced mortgage pricing.

In mortgage-specific terms, the average top-tier 30-year fixed rate increased 0.02% to 6.73%. The level remains well below the most recent high of 6.85%, but higher than last Thursday's 6.69%.

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