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Mortgage Rates Notch Second Straight Weekly Gain

U.S. long-term mortgage rates have risen for a second consecutive week after dropping for four straight weeks before that. So reports CNN.

Freddie Mac 150x150According to Freddie Mac, the 30-year fixed-rate mortgage averaged 6.32% in the week ending February 16, up 30 basis points from the previous week.

Freddie Mac economist Sam Khater said that stubborn inflation was causing rates to remain choppy.

Read the full article from CNN.

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