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April 12, 2019

Mortgage rate rises to 4.12%

WASHINGTON (AP) — U.S. long-term mortgage rates rose moderately this week, remaining at historically low levels that can lure potential purchasers in the spring homebuying season.

Mortgage buyer Freddie Mac said Thursday the average rate on the 30-year, fixed-rate mortgage increased to 4.12% from 4.08% last week. Two weeks ago, the benchmark loan rate marked its steepest weekly drop in a decade, from 4.28%.


 
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