US rates tick up; 30-year home loan last week

Long-term U.S. mortgage rates ticked up last week for the second straight week, remaining substantially higher than a year ago amid strength in the economy. Mortgage buyer Freddie Mac said Sept. 6 the average rate on 30-year, fixed-rate mortgages rose to 4.54 percent from 4.52 percent. Long-term loan rates have been running at their highest levels in seven years.

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Source: Charleston Post and Courier