Mortgage rates rise on higher home sales, job growth | Bedford Hills Real Estate

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Improved reports on new home sales and job growth pushed up fixed mortgage rates this week.

The average rate on a 30-year, fixed-rate mortgage was 4.46 percent, compared with 4.29 percent last week, Freddie Mac said in its weekly survey. A year ago, the average rate was 3.34 percent.

The average rate on a 15-year, fixed-rate mortgage also rose this week, to 3.47 percent, from 3.30 percent last week and 2.67 percent a year ago.



http://www.chicagotribune.com/business/breaking/chi-mortgage-rates-rise-20131205,0,3980573.story




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