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Finance & Markets

US mortgage rates near 7% as homebuyers face longer wait

AgenciesHome shoppers holding out for relief from rising mortgage rates may be in for a long wait.The weekly average rate on a 30-year fixed-rate home loan has been rising for mont...

US mortgage rates near 7% as homebuyers face longer wait

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Brazil cuts key rate to 13.75%

AgenciesBrazil’s central bank cut its benchmark interest rate for the fifth time in a row on Wednesday. President Luiz Inacio Lula da Silva hopes the move will boost the economy as...

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