Mortgage rates rise to 4.21 percent

WASHINGTON – Rates on 30-year fixed mortgages rose slightly from their lowest level in decades, inching up to a national average of 4.21 percent. Mortgage buyer Freddie Mac said Thursday the average rate for 30-year fixed loans was up from 4.19 percent the previous week. That was the lowest level on records dating back to 1971. The average rate on 15-year fixed loans rose to 3.64 percent. That was up from 3.62 percent a week earlier, the lowest weekly average on records dating back to 1991.

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