By Donna Gehrke-White Sun Sentinel10:00 a.m. EDT, August 2, 2012
Average interest rates on 30-year fixed rate mortgages sharply increased this week, breaking a recent run of rates falling to record lows, Freddie Mac
reported Thursday.The average 30-year fixed rate jumped to 3.55 this week after falling to a record low of 3.49 percent last week. Still, the rate has remained below 4 percent for all but one week in 2012, according to Freddie Mac
. Last year at this time, the average rate was at 4.39 percent.
Average interest rates on 15-year, fixed-rate mortgages also increased this week to 2.83 percent this week after being at 2.8 the week before, Freddie Mac said. The 15-year fixed rate loan has averaged below 3 percent for 10 weeks. Last year at this time the average rate was at 3.54 percent.
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