Mortgage Rates Reach Highest Level of 2015
Long-term mortgage interest rates climbed to a seven-week high, according to mortgage-backing firm Freddie Mac, rising for the second straight week to a new peak for 2015. And the Mortgage Bankers Association reported that those higher rates reigned in mortgage applications during the same week. During the week ended February 19, the average rate on a 30-year fixed rate mortgage jumped up to 3.76 percent, excluding fees, up from 3.69 percent the week before. Compared with last year at this time Read more [...]
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