U.S. mortgage rates nudge higher again

U.S. mortgage rates inched up again this week, shortly after their biggest one-week drop in a decade, according to Freddie Mac.

The 30-year fixed mortgage averaged 4.12 percent for the week ending April 11, up from 4.08 percent the previous week. A year ago, mortgage rates stood at 4.42 percent.

Low mortgage rates help propel U.S. home sales and the refinance market.

“Rates moved up slightly this week while mortgage applications decreased following last week’s jump in rates – indicating…

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