Freddie Mac reports a jump in the 30-year fixed mortgage rate to 4.84 percent during the week ended May 7 from 4.78 percent the previous week, which matched the record low. Meanwhile, average interest on 15-year fixed loans climbed to 4.51 percent from 4.48 percent. Low borrowing costs have energized the refinance market. Read the full Nashville mortgage rates inch upward article.
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