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Mortgage rates have risen again after a few weeks of minor movement, with Freddie Mac reporting that the 30-year fixed-rate mortgage (FRM) averaged 5.23% as of June 09, up from 5.09% last week.
According to Freddie Mac’s Primary Mortgage Market Survey, the 15-year FRM averaged 4.38%, also up from last week’s 4.32%. Additionally, the five-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 4.12%, up from 4.04%.
Back in June of the previous year, the 30-year FRM averaged 2.96%. The 15-year FRM averaged 2.23% and the five-year Treasury-indexed hybrid ARM averaged 2.55%.
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