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14 hours ago

Mortgage rates tick higher, but buyers show signs of confidence

Mortgage rates jumped this week, mortgage buyer Freddie Mac said Thursday.Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-year fixed mortgage climbed to 6.52% from last week's reading of 6.48%.The average rate on a 30-year loan was 6.84% a year ago.MORTGAGE RATES JUMP AS INFLATION FEARS, IRAN WAR WEIGH"The 30-year fixed-rate mortgage averaged 6.52% this week," Sam Khater, chief economist at Freddie Mac, said in a statement. "Stronger employment momentum has helped existing home sales reach a five-month high. Importantly, we're...