The average 30-year fixed mortgage rate rises 6 bps to 3.66% this week, according to Bankrate. The 15-year fixed rises 5 bps to 2.94%, a 4-month high. The 5/1 ARM rate, however, falls 3 bps to 2.71%. We're closing in on the 2-year anniversary (April) of the last time the 30-year fixed was above 5%.
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