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Mortgage rates reversed a recent decline and popped higher this week, Inman News reports.

Inman News: ‘In Freddie Mac’s survey, the 30-year fixed-rate mortgage climbed to an average 6.73%from 6.63% a week ago.... Frank Nothaft, Freddie Mac vice president and chief economist, said the climb in mortgage rates ‘nearly eliminated the declines made in rates over the previous three weeks. In addition, consumer credit jumped by $12.9 billion in May, almost double market expectations.’ ‘

Bankrate.com’s average 30-year-mortgage interest rates this week: 6.82% in L.A., up from 6.78% a week ago.

Freddie Mac Timeline
6/14 6.74%
6/21 6.69%
6/28 6.67%
7/5 6.63%
7/12 6.73%

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