Real Estate
Mortgage rates jump post-election
The average rate of a 30-year-fixed rate mortgage has jumped to 3.94%, up from 3.57% last week. In the past two weeks, the rate has increased 40 basis points. But that’s still pretty low. This time last year, a 30-year mortgage was 3.97%. The higher rate means the monthly payment on a $250,000 home loan…
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