Are record-low interest rates masking high-cost mortgage lending?

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Lending / The Ticker

Fiscal cliff deal leads to rising mortgage rates

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Mortgage rates for 30-year fixed mortgages rose this week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 3.31 percent, up from 3.24 percent at this same time last week.

The 30-year fixed mortgage rate hovered between 3.18 and 3.25 percent for the majority of the week, jumping to the current rate this morning.

Source: Zillow
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