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Freddie Mac: Fixed mortgage rates edge higher; 30-year averaging 4.14%
Freddie Mac: Fixed mortgage rates edge higher; 30-year averaging 4.14%

Reversing a five-week trend, fixed mortgage rates edged higher this week, with lenders telling Freddie Mac they were offering 30-year loans at an average interest rate of 4.14%, up from 4.12% last week.  The 15-year fixed mortgage, a favorite of homeowners refinancing their loans, rose from an average of 3.21% last week to 3.23%. The start rates on adjustable loans fell slightly, according to the Freddie Mac survey, conducted each Monday through Wednesday and released on Thursday mornings. Interest rates on fixed mortgages tend to follow the yield on 10-year Treasury notes, which moved higher during the week between surveys. Fixed mortgage rates held fairly steady until Tuesday,...