The article which is about the US rate on 30-year mortgage ticks up to 3.52 pct. To calculate average mortgage rates, Freddie Mac surveys lenders across the country on Monday through Wednesday each week. The average doesn’t include extra fees, known as points, which most borrowers must pay to get the lowest rates. One point equals 1 percent of the loan amount. Historically low rates also have encouraged more people to refinance, often lowering monthly payments and leaving consumers with more spending money.

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US rate on 30-year mortgage ticks up to 3.52 pct.