Rate for 30-year mortgage drops to 6.15%

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The 30-year fixed mortgage rate averaged 6.15% for the week ending Jan. 19 — down from 6.33% last week. However, a year ago, mortgage rates averaged 3.56%.

Mortgage rates factor into home sales and the refinance market and soaring higher rates are impacting housing-related activity.Get the best in local business news sent straight to your inbox with the Cleveland Business Journal.

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