US mortgage rates rise for the first time in 6 weeks, jumping above 3%
The rate on the popular 30-year fixed-rate mortgage increased to 3.01%, according to Freddie Mac data released Thursday.
It's the first time in six weeks that US mortgage rates have increased — the rates have been held down by low US Treasury bond yields and near-zero interest rates.
Mortgage rates remain near a historic low, and have driven a strong rebound in the housing market. Still, economic uncertainty could derail the housing recovery going forward.
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