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Average US 30-year mortgage rate at 4.23 percent

By Washington Examiner
Published September 18, 2014 2:51pm ET
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Average US 30-year mortgage rate at 4.23 percent
In this photo made on Wednesday, Sept. 10, 2014, construction is under way at a housing development in Zelienople, Pa. Freddie Mac reports on average mortgage rates for this week on Thursday, Sept. 18, 2014. (AP Photo/Keith Srakocic) | Keith Srakocic

WASHINGTON (AP) — Average long-term U.S. mortgage rates surged this week, marking their largest one-week gain this year.

Mortgage company Freddie Mac said Thursday the nationwide average for a 30-year loan jumped to 4.23 percent from 4.12 percent last week. The average for a 15-year mortgage, a popular choice for people who are refinancing, rose to 3.37 percent from 3.26 percent.

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