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economic-data

Mortgage rates nudge slightly higher

Mortgage rates barely increased this week. That did not dissuade borrowers from filling out purchase and refinance applications. The uptick may not last, though. Recent economic data may persuade the Federal Reserve to hold off on rate increases even longer.

Mortgage rates for March 19, 2015

We saw mortgage rates pull back after some soft economic data on manufacturing, home construction and consumer spending. So even though the Federal Reserve is laying the groundwork for the eventuality of interest-rate hikes, any economic softness just pushes the timetable further out.