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VOL. 43 | NO. 48 | Friday, November 29, 2019

US mortgage rates edge up slightly, 30-year at 3.68%

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WASHINGTON (AP) — U.S. mortgage rates crept slightly higher this week but remain at low levels that could encourage more home-buying.

Mortgage buyer Freddie Mac said Wednesday that the average rate on a fixed 30-year mortgage ticked up to 3.68% from 3.66% the previous week. The average 15-year mortgage was unchanged at 3.15%.

Borrowing costs have fallen sharply in the past year, helping lift home sales and construction. The 30-year rate was 4.8% at the same time last year, while the 15-year rate was 4.25%. Sales of existing homes increased 4.6% in October compared with a year ago, while new home sales have soared by more than 30%.

Freddie Mac surveys lenders across the country between Monday and Wednesday each week to compile its mortgage rate figures.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 0 0
MORTGAGES 0 0 0
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 0 0
BANKRUPTCIES 0 0 0
BUSINESS LICENSES 0 0 0
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0