US Mortgage Rates Increase for a Fourth-Straight Week
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US mortgage rates increased for a fourth week to the highest level since mid-November, according to the Mortgage Bankers Association.
The contract rate on a 30-year fixed mortgage rose 8 basis points to 6.79%, the group said Wednesday. The group’s index of mortgage applications to buy a home, however, increased. The data can be volatile around holidays, and the week followed Presidents’ Day.