Interest Rates on Long-term Home Loans Keep Rising

Interest rates on long-term home loans rose this week to the highest level in months.

Mortgage giant Freddie Mac said Thursday that the rate on 30-year, fixed-rate mortgages rose to 4.04 percent this week, highest since May and up from 3.99 percent last week. The rate on 15-year, fixed-rate mortgages, popular with homeowners who are refinancing, rose to 3.49 percent, highest since last March and up from 3.44 percent last week.

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