Home rates move up for Wednesday

Several benchmark mortgage rates climbed higher today. The average rates on 30-year fixed and 15-year fixed mortgages both moved up. On the variable-mortgage side, the average rate on 5/1 adjustable-rate mortgages were down. Mortgage rates are constantly changing, but they continue to represent a bargain compared to rates before the Great Recession. If you’re in the market for a mortgage, it could be a great time to lock in a rate. Just make sure you shop around first.

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Source: Bankrate