OTHER NEWS - Feb. 24, 1992
From Times Staff and Wire Reports
Fixed-Rate Mortgages Rise Again: Thirty-year, fixed-rate mortgages averaged 8.82% this week, the highest in four months, according to a national survey released by the Federal Home Loan Mortgage Corp. The rate was up from 8.73% last week and the highest since mortgages averaged 8.91% during the week ending Oct. 25. Rates have been rising since dropping to 8.23% during the week ending Jan. 10. On one-year adjustable rate mortgages, lenders asked an average initial rate of 5.92%, up from 5.78% last week. The rates do not include add-on fees known as points.
