30-year mortgage rate highest in more than a year

The 30-year fixed-rate mortgage rose to 3.98% in the week ending June 13 – the highest rate since April 2012 — up from 3.91% in the prior week, Freddie Mac said Thursday in its weekly report. A year ago, the 30-year rate averaged 3.71%. The rate has increased for six weeks, rising more than half of…

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