Across Minnesota, higher mortgage rates take a toll on home sales and listings

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The doubling of mortgage rates over the past year is beginning to take a toll on home sales across Minnesota. This week, mortgage rates topped 6% for the first time in 14 years as lenders continue leaping ahead of the expected hikes to the main rate set by the Federal Reserve. On Friday, a new report from the Minneapolis Area Realtors showed the lowest monthly sales figure for any August in eigh...

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