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Mortgage rates rise in weekly survey


Mortgage rates ticked up for the week after falling in recent surveys, Freddie Mac reported.  

Through Wednesday, the 30-year fixed rate rose to 4.03 percent, up six basis points from the prior week. A year ago, the rate averaged 3.66 percent. Other key rates also rose.

The rates moved up along with the 10-year Treasury yield, which rose about 10 basis points in the week, Freddie Mac’s Chief Economist Sean Becketti said.

Despite recent swings in mortgage rates, the housing market continues to show signs of strength — both existing and new home sales in March exceeded expectations, and the Case-Shiller Home Price Index posted another solid gain," Becketti said. 


 

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