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Mortgage Rates Extend Climb, Reach Highest Level Since April 2010

Mortgage rates kept going up in the latest weekly reading, touching their highest point in a dozen years. So reports CNN.

arrow 2790272 640The average for the 30-year fixed-rate mortgage was 5.11% in the week ending April 21, up 11 basis points from a week earlier and the highest level for the benchmark rate since April 2010, according to Freddie Mac. It’s the seventh straight weekly increase. A year ago, the 30-year mortgage averaged 2.97%.

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