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Economic Report: Mortgage rates inch up as housing market braces for slowing momentum

Rates for home loans crept higher, snapping a three-week stretch of declines, even as bond yields remained subdued.

The 30-year fixed-rate mortgage averaged 4.53% during the July 12 week, up one basis point, according to the weekly data from mortgage provider Freddie Mac. The 15-year fixed-rate mortgage averaged 3.99%, up from 4.02%. The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 3.86%, up 12 basis points.

Those rates don’t include fees associated with obtaining mortgage loans.

Mortgage rates track the 10-year U.S. Treasury note TMUBMUSD10Y, -0.42% , which has been under pressure as investors snatch up safe haven assets in the face of an escalating global trade war.

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