Mortgage Rates On The Rise

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(McLean, VA) The ultra-low mortgage rates aren’t hanging around anymore.

In the past month, rates have been on the rise and are expected to continue to climb.

Last week, the average rate on a 30-year fixed-rate mortgage climbed to 3.81 percent.

That’s up from 3.3 percent in early May, according to mortgage giant Freddie Mac.

If you’re looking for a 15-year loan, the average rate is about 2.98 percent.

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