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Mortgage Rates Rise

Posted by Bonnie Martin Designated Broker on Tuesday, May 14th, 2013 at 9:04am.

After nearing historic or near-historic lows over the past month, key fixed-rate and adjustable-rate loans rose across the board this week.

The average rate of a 30-year fixed mortgage ticked slightly upward to 3.42% up from 3.35% last week according to the latest survey by mortgage buyer Freddie Mac. Previously, the average rate on a 30-year fixed loan had come within 0.04% of the historic low, 3.31%, achieved in November.

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