US 30-Year Mortgage Rate Climbs to a Two-Month High of 6.87%
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US mortgage rates rose last week to a two-month high, reversing some of the momentum in the nation’s housing recovery.
The contract rate on a 30-year fixed mortgage increased 7 basis points in the week ended Feb. 9 to 6.87%, the highest since early December, according to Mortgage Bankers Association data released Wednesday.