The average rate for a benchmark 30-year mortgage ticked up 5 basis points over the past week to 3.83 percent, the first real rise in rates since early July.

The current average rate is now 35 basis points above the 3.48 percent rate in place at the same time last year and 42 basis points above 2016’s 3.41 percent low, according to Freddie Mac’s Primary Mortgage Market Survey data.

And according to the futures market, the probability of the Fed instituting another rate hike by the end of the year has jumped to 76 percent, up from around 30 percent two weeks ago.

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