Mortgage Rates Rise: Interest charges for new,...
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From Times Staff and Wire Reports
Mortgage Rates Rise: Interest charges for new, fixed-rate, 30-year mortgages averaged 9.40% last week, up from 9.29% the week before, according to a national survey released by the Federal Home Loan Mortgage Corp. It was the second weekly increase. On one-year, adjustable-rate mortgages, lenders were asking an average initial rate of 7.53%, down from 7.57% the week before. The rates do not include add-on fees known as points.
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