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Mortgage Rates Rise, Signaling Potential End to Historic Lows

The long stretch of historically low mortgage rates could be ending as signaled by last week’s rate rise. So reports the Associated Press.

!--more-->The 30-year fixed rate averaged 2.79% in the week ending January 14, up 14 basis points from the previous week.

Home loans were at record lows the previous week and the 30-year stood at 3.65% a year ago.

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