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Freddie Mac’s Primary Mortgage Market Survey shows high rates, international volatility

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Mortgage interest rates continued their steady climb heading into the Independence Day holiday weekend, according to Freddie Mac’s Primary Mortgage Market Survey for the week ending July 2. The government-sponsored enterprise said rates are at their highest levels since October 2014. According to the survey: The average rate for a 30-year fixed-rate mortgage was 4.08 percent, up from 4.02 percent the previous week. A year ago at this time, this rate averaged 4.12 percent. The average rate for a 15-year fixed-rate mortgage was 3.24 percent, up from 3.21 percent the week prior. This rate averaged 3.22 percent at the same time last year. The average rate for a five-year Treasury-indexed hybrid adjustable-rate mortgage was 2.99 percent, up from 2.98 percent. A year ago, this rate averaged 2.98 percent. The average rate for a one-year Treasury-indexed ARM was 2.52 percent, up from last week’s 2.5 percent. At this time last year, this rate averaged 2.38 percent. W...