US mortgage rates jump to highest level in 7 years

  • In this Oct 2, 2018, file photo a for sale sign stands outside a home on the market in the north Denver suburb of Thornton, Colo. On Thursday, Nov. 8, Freddie Mac reports on this week’s average U.S. mortgage rates. (AP Photo/David Zalubowski, File)

U.S. mortgage rates jumped this week to the highest level in seven years, a trend that is pulling down home sales and slowing home price growth.

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