Mortgage rates moved higher for the ninth consecutive week, Freddie Mac said. Despite the recent jump in mortgage rates since the election, the annual average for the 30-year fixed-rate mortgage was 3.65% in 2016, the lowest annual average ever recorded in the Freddie Mac Primary Mortgage Market Survey going back to 1971.

The 30-year fixed-rate mortgage averaged 4.32%, up from last week when it averaged 4.3%. A year ago at this time, the 30-year fixed-rate mortgage averaged 4.01%.

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