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Mortgage Rates Rise From 12th Record Low Amid Vaccine Hopes

Mortgage rates have rebounded modestly from their 12th all-time low of 2020 amid encouraging activity around a COVID-19 vaccine. So reports MarketWatch.

According to Freddie Mac, the 30-year fixed-rate mortgage averaged 2.84% for the week ending November 12, up from a nadir of 2.78% a week earlier.

Matthew Speakman, an economist with Zillow, told MarketWatch that the rise drives home how much the direction of financial departments depends right now on the pandemic.

Read the full article from MarketWatch

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