“Following last Friday’s strong jobs report, which revealed broad-based gains in employment and wage growth, mortgage rates are moving higher,” said Freddie Mac chief economist Sam Khater. “Despite the rise, rates remain very low, particularly given that economic growth is strong and will continue into next year.”

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The 15-year fixed-rate mortgage saw a five-basis-point gain, up to 2.15% from 2.10% last week and up from last year’s 2.46% average.