30-Year Mortgage Rate Rises to 5.95%
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The average U.S. 30-year fixed mortgage rate rose for the first time in a month, reflecting higher yields on the benchmark 10-year Treasury note. Rates on one-year adjustable mortgages continued to fall.
The 30-year rate for the week ending today averaged 5.95%, up from 5.77% the previous week, according to Freddie Mac. The increase was the first since the week ended Sept. 5.
The yield on the Treasury’s 10-year note rose to 4.34% from 4% a week ago.
The average rate on a 15-year mortgage this week increased to 5.26% from 5.1% last week.
The average one-year adjustable-rate mortgage declined to 3.69% from 3.72%.
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