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May 23, 7:22 PM EDT

Average US mortgage rates rise for 3rd week

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Average US mortgage rates rise for 3rd week

News Summary: US mortgage rates up, but still low

US rate on 30-year mortgages rises to 3.59 pct.

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Average U.S. mortgage rates rose for the third straight week, hitting their highest levels since mid-March, but still remained close to record lows.
Here's a look at rates for fixed and adjustable mortgages this week and over the past year:
Current avg. Last week 52-week high 52-week low
30-year fixed 3.59 3.51 3.75 3.31
15-year fixed 2.77 2.69 2.98 2.56
5-year adjustable 2.63 2.62 2.84 2.56
1-year adjustable 2.55 2.55 2.79 2.52
All values in percentage points
Source: Freddie Mac Primary Mortgage Market Survey

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