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Housing Market Updates

Mortgage Rates Climb This Week

  Borrowing costs are increasing, but home buyers can still snag an interest rate that is lower than a year ago. “This week’s survey reflects last week’s uptick in long-term interest rates, with the 30-year fixed mortgage rate up 4 basis points to 3.94 percent,” says Len Kiefer, Freddie Mac’s deputy chief economist. “The 30-year…

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