The Federal Home Loan Bank Board reported...
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The Federal Home Loan Bank Board reported that interest rates on 30-year, fixed-rate mortgages moved higher in June, the third consecutive monthly increase. The FHLBB, the regulator of savings institutions, said the national average for conventional, single-family loans jumped to 10.75% in early June, up from 10.65% in early May. It was the highest rate since January, when the average was 10.97%.
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