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REAL ESTATE

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Times Staff and Wire Reports

30-Year Mortgage Rates Rise: Thirty-year fixed-rate mortgages averaged 8.16% this week, up from 8.14% a week earlier, according to a national survey released by the Federal Home Loan Mortgage Corp. It was the highest since Sept. 12, when rates averaged 8.28%. Rates averaged 8.34% Sept. 5, the highest since they reached 8.42% in early July. On one-year adjustable-rate mortgages, lenders were asking an average initial rate of 5.82%, down from 5.83% last week. Fifteen-year mortgages, a popular option for those refinancing mortgages, averaged 7.68% this week, up from 7.64% a week earlier. The rates do not include add-on fees known as points.

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