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Mortgage rates rise, marking 1st weekly gain of 2015, Freddie Mac says

Fixed mortgage rates this week rose for the first time in 2015, with Freddie Mac's widely watched survey pegging the 30-year conventional rate at 3.66 percent, up from 3.63 percent last week. The average rate for a 15-year fixed home loan was 2.98 percent, up from 2.93 percent. Start rates for adjustable loans rose as well, Freddie Mac said Thursday. The average monthly rate for a 30-year conventional mortgage had been 4 percent or higher for 18 months before dropping below that threshold in December. This boon for borrowers was triggered by powerful global demand for safe securities denominated in strong U.S. dollars. That has pushed down the yields, or effective interest rates, on ...

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