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U.S. mortgage rates reverse course and rise

bizjournals Monday, 19 June 2017
After weeks of declines, U.S. mortgages rates rose this week, according to Freddie Mac. The 30-year fixed mortgage averaged 3.91 percent for the week ending June 15, up from 3.89 percent the previous week. A year ago, mortgage rates stood at 3.54 percent. Favorable mortgage rates have helped propel U.S. home sales and the refinance market. “The 30-year mortgage rate rose 2 basis points over the week to 3.91 percent,” said Sean Becketti, chief economist at Freddie Mac. “However, our survey…
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Source: Wochit Business - < > Embed
News video: US Federal Reserve Raises Interest Rates

US Federal Reserve Raises Interest Rates 00:45

On Wednesday, the US Federal Reserve raised interest rates for the second time in three months. In a statement, the Reserve cited continued economic growth and job market strength in the US as the main reasons. The reserve went on to announce that it would begin cutting its holdings of bonds and...

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