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Long-term US mortgage rates decline, short-term rate rises

WASHINGTON (AP) — Long-term mortgage rates slipped this week, though shorter-term rates rose in response to better economic news that made it more likely the Federal Reserve will hike rates in December.

This week Last week Year ago
30-year fixed 3.9 percent 3.92 percent 4.08 percent
15-year fixed 3.3 percent 3.32 percent 3.34 percent
5-year adjustable 3.32 percent 3.22 percent 3.15 percent