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Mortgage rates jump this week

BANKRATE, INC. LOGOBy: Dennis Norman

 Yesterday, Bankrate, Inc. issued their weekly mortgage interest rate report showing that mortgage rates jumped this week with 30-year fixed-rate mortgages averaging 5.45%, up from 5.24% last week, with an average of 0.41% in discount and origination fees.

The report shows 15-year fixed-rate mortgages were also higher this week at an average of 4.86%, up from 4.74% last week.

While rates are not at the lowest they have been recently they are still near historic lows.  Six months ago the average 30-year fixed-rate mortgage was at 6.39% so even with rates increasing slightly this week they are still significantly lower than the recent past and at near-historic lows.

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