Having held relatively steady since the Fed’s rate hike a few weeks ago, the average rate for a benchmark 30-year mortgage ticked up 8 basis points over the past week to 3.96 percent, which is 55 basis points above the 3.41 percent average rate at the same time last year, according to Freddie Mac’s Primary Mortgage Market Survey data.

And according to an analysis of the futures market, the probability of the Fed instituting another rate hike by the end of the year has ticked up 8 points to 58 percent.

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