30-YEAR MORT­GAGE RISES TO 4.08 PER­CENT

The Denver Post - - BUSINESS -

Long-term U.S. mort­gage rates marked a fifth week of surges in the af­ter­math of Don­ald Trump’s elec­tion win, reach­ing their high­est lev­els this year.

Mort­gage gi­ant Fred­die Mac said Thurs­day the av­er­age rate on a 30year fixed rate loan rose to 4.08 per­cent from 4.03 per­cent the pre­vi­ous week. The bench­mark rate topped its 3.93 per­cent level of a year ago.

The rate on 15-year home loans, a pop­u­lar choice for peo­ple who are re­fi­nanc­ing, jumped to 3.34 per­cent from 3.25 per­cent.

Long-term mort­gage and in­ter­est rates have climbed in the four weeks since Trump’s sur­prise vic­tory on Nov. 8.

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