Mortgage Rates Increase

Mortgage rates jumped this week from last week’s decrease. Though rates have increased, they are still considered low compared to past records. The average 30-year loan jumped 0.08% this week while the average 15-year fixed loan rose 0.04% from last week according to Freddie Mac. Additionally, the average fee for a 30-year mortgage fell 0.01% from last week. The fee for a 15-year loan also fell 0.01%. More here

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