Rates for 30-year U.S. mortgages rose for the first time in four weeks as sales of previously owned homes climbed to the highest level since May 2010.
The average rate for a 30-year fixed loan increased to 3.95 percent in the week ended Thursday from 3.87 percent, the lowest in records dating to 1971, Freddie Mac said in a statement. The average 15-year rate rose to 3.19 percent from 3.16 percent, according to the mortgage-finance company.
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