Freddie Mac said the average rate on 30-year fixed-rate mortgages increased to 7.82 percent for the week ended October 7, up from 7.70 percent from the previous week.

In the 15-year sector, fixed-rate mortgages increased to 7.43 percent from the prior week's 7.35 percent. A year ago, the rate was 6.15 percent.

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