Mortgage rates head higher to kick off 2014

PF-crystal-ball-20_2438520dJeff Clabaugh | Washington Business Journal

Long-term mortgage rates edged up this week amid signs of a strengthening economy and a rebound in consumer confidence.

Freddie Mac says the average rate on a 30-year fixed-rate mortgage was 4.53 percent in the week ending Jan. 2, up from 4.48 percent last week. 30-year rates hit record lows in November 2012, when they averaged just 3.31 percent.

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