30-year mortgage ticks up

The Associated PressFebruary 14, 2014 

WASHINGTON – The average U.S. rate on a 30-year fixed mortgage edged up this week to 4.28 percent from 4.23 percent but remains near historically low levels after declining during the five previous weeks.

Mortgage buyer Freddie Mac says the average for the 15-year loan was unchanged at 3.33 percent.

Mortgage rates have risen about a full percentage point since hitting record lows roughly a year ago.

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