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On the radar: Freddie Mac mortgage rates up across the board as of November 14

Freddie Mac mortgage interest rates as of November 14 were up across the board. Rates remain low, but recent gains in longer-term yields suggest that the wave of three-year lows is past. The level is still an attractive one for buyers but could be enough to discourage those on the margins.

The 30-year fixed rate was up 6 basis points to 3.75% as of November 14 from 3.69% in the prior week. The average for November to-date is 3.72%, the highest monthly rate since 3.77% in July.

The 15-year fixed rate was up 7 basis points to 3.20% from 3.13% in the prior week. The average for the first two weeks of November is 3.17%, the highest since 3.20% in July.

The 5/1-year ARM rate was up 5 basis points to 3.44% from 3.39% in the prior week. The average for November so far is 3.42%, the highest since 3.47% in July.

The slight uptick may mean that home sellers are going to face more pressure to negotiate prices as potential buyers assess the affordability of a purchase.

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