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Mortgage Rates on Rise Again

Associated Press

Interest rates for fixed-rate mortgages rose in March, the first increase in eight months, the government reported today. The Federal Home Loan Bank Board said fixed-rate loans averaged 13.7% last month, up from 13.45% in early February.

Fixed-rate mortgages reached a high last year of 15.23% in July and had declined every month since then until March.


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