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03

U.S. 30-Year Mortgage Rate Tops 4% for First Time Since July

By Tony Seruga

U.S. mortgage rates rose, with the 30-year average topping 4 percent for the first time in five months, after the Federal Reserve’s decision to increase its benchmark lending rate.

The average rate for a 30-year fixed mortgage was 4.01 percent, up from from 3.96 percent last week, Freddie Mac said in a statement Thursday. The average 15-year rate climbed to 3.24 percent from 3.22 percent, according to the McLean, Virginia-based mortgage-finance company…

U.S. 30-Year Mortgage Rate Tops 4% for First Time Since July

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