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Mortgage rates climb to 2016 high

Dec 09, 2016
Fixed-rate mortgages were once again on the way up this week, marking the sixth consecutive month for increases. The 30-year fixed-rate mortgage, the most popular one among homebuyers, reached a new high for the year. 
 
"The 30-year mortgage rate rose another 5 basis points to 4.13 percent, starting the month 18 basis points higher than this time last year,” says Sean Becketti, Freddie Mac’s chief economist. “As rates continue to climb and the year comes to a close, next week's [Federal Reserve Board] meeting will be the talk of the town with the markets 94 percent certain of a quarter-point-rate hike."
 
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