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U.S. mortgage rates rise on risk assessment 

Aug 20, 2020By

The average U.S. rates for a 30-year fixed mortgage rose to 2.99% this week from 2.96% last week.The upward moves come after the Federal Housing Finance Agency approved a new “adverse market” fee for refinancings to compensate Fannie Mae and Freddie Mac for the additional risk posed by the economic crisis caused by the COVID-19 pandemic.

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