WASHINGTON • Average rates on U.S. fixed mortgages ticked up this week but are still low by historical standards, a trend that has helped the housing market recover.
Mortgage buyer Freddie Mac said Thursday that the average on the 30-year loan rose to 4.39 percent from 4.31 percent last week. Rates are a full percentage point higher than in early May.
The average on the 15-year fixed loan increased to 3.43 percent from 3.39 percent last week.
Rates spiked in June after the Federal Reserve indica...
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