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Mortgage rates are rising in this summer but don't look so shocked -- rates seem to rise every summer. As recorded by Freddie Mac, since 2006, 30-year fixed-rate conforming mortgage rate have made a habit of rising in May, June, July and August before settling down through football season. This year, the June Swoon looks especially strong. Mortgage rates are higher by 3/4 percent versus late-May and we're only at the start of the summer trend.