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The nation's average mortgage rates are catching up with increases in U.S. Treasury bond yields as the average 30-year, fixed-rate mortgage passed 4% for the first time since the end of October.
The Freddie Mac survey showed the 30-year, fixed-rate mortgage averaged 4.08% for the week ending Thursday, up from the prior week's average of 3.92%. Last year at this time, the 30-year FRM averaged 4.81%.
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