30-year mortgage rate jumps to 4.4%

WASHINGTON (AP) — Average rates on 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% from 4.31% 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% from 3.39% last week.

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