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Average US rate on 30-year mortgage rises to 3.66 per cent

WASHINGTON — Long-term U.S. mortgage rates rose this week, lifting from their 2016 lows but remaining historically low during the spring home-buying season.

Mortgage buyer Freddie Mac says the average 30-year fixed-rate mortgage increased to 3.66 per cent from 3.59 per cent last week. That brought it close to its level a year ago of 3.68 per cent.

The average rate on 15-year fixed-rate mortgages advanced to 2.89 per cent from 2.85 per cent last week.

The Associated Press

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