Average long-term US mortgage rate hits highest level in more than 20 years 

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The average long-term U.S. mortgage rate climbed this week to its highest level in more than 20 years, grim news for would-be homebuyers already challenged by a housing market that remains competitive due to a dearth of homes for sale. Mortgage buyer Freddie Mac said this morning that the average rate on the benchmark 30-year

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