Fixed Rate for Mortgages Up: Fixed-rate home...
From Times Staff and Wire Reports
Fixed Rate for Mortgages Up: Fixed-rate home mortgages are averaging 9.76%, according to a national survey released by the Federal Home Loan Mortgage Corp. That rate was up from a rate of 9.74% the previous week. On one-year adjustable rate mortgages, lenders were asking an average initial rate of 8.39%, down from 8.46% the week before.
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