The average on the 15-year fixed mortgage rose to 3.35 percent from 3.27 percent. The rates, though, are at their lowest levels in four months. A report from the government last week that U.S. employers added a surprisingly strong 204,000 jobs in October, despite the 16-day federal shutdown, indicated the economy may be sturdier than many had assumed.
Mortgage rates began falling in September when the Federal Reserve continued its $85-billion-a-month bond purchases.
More about mortgage rates:
Home Mortgage Applications Continue to Slide
Big Changes Coming to Mortgages, and How to Get Ahead of Them
20% of Today's Mortgages Would Fail New Loan Standard, Study Says
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