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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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MMG's Bodnar: We've Been Watching This Movie All Year Bill Bodnar of the Mortgage Market Guide breaks down the jobs report, why and how it came in above expectations, and what that means just days ahead of the Fed meeting.
Estimated reading time: 0 minutes, 20 seconds
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.
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