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REAL ESTATE

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Times Staff and Wire Reports

Thirty-Year Mortgages Rise: Thirty-year fixed-rate mortgages averaged 7.93% this week, up from 7.88% last week, according to a national survey released by the Federal Home Loan Mortgage Corp. It was the highest since Aug. 1, when rates averaged 8.23%. Until edging up this week, rates generally have been falling since mid-July, when they averaged 8.42%, highest since March 1995. On one-year adjustable-rate mortgages, lenders were asking an average initial rate of 5.79%, down from 5.81% last week. Fifteen-year mortgages, a popular option for those refinancing mortgages, averaged 7.45% this week, up from 7.39% a week earlier. The rates do not include add-on fees known as points.

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