Mortgage Rates Rise for 8th Straight Week
From Associated Press
Freddie Mac reported that rates on 30-year fixed-rate mortgages climbed to 6.34% this week, the eighth consecutive weekly increase.
Rates for 15-year, fixed-rate mortgages rose to 5.72% this week, compared with 5.47% last week. For one-year adjustable- rate mortgages, rates increased to 3.90%, compared with 3.76% last week.
The nationwide averages for mortgage rates do not include add-on fees known as points. Each loan type carried an average fee of 0.7 point this week.
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