Long-term mortgage rates rise to highest level in months

By The Associated PressIndustriesAssociated Press

Long-term mortgage rates rose this week to the highest level in months.

Mortgage giant Freddie Mac said the rate on benchmark 30-year, fixed-rate mortgages hit 3.95 percent, up from 3.90 percent last week and highest since July. The rate on 15-year home loans, popular among those who refinance mortgages, climbed to an average 3.31 percent, highest since April and up from 3.24 percent last week.

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