Mortgage rates took a break this week after rising for three weeks in a row. But a stronger-than-expected employment report will likely make rates resume their upward march soon. The benchmark 30-year fixed-rate mortgage fell to 4.64 percent from 4.69 percent the previous week, according to the Bankrate.com national survey of large lenders. One year ago, that rate stood at 3.67 percent. Four weeks ago, it was 4.55 percent. The mortgages in this week’s survey had an average total of 0.34 discount and origination points.
The benchmark 15-year fixed-rate mortgage fell to 3.69 percent from 3.73 percent last week, and the benchmark 5/1 adjustable-rate mortgage fell to 3.46 percent from 3.52 percent. The benchmark 30-year fixed-rate jumbo rose to 4.73 percent from 4.72 percent.
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