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Business
Published
10/25/09
WASHINGTON (AP) - Rates for 30-year home loans have inched up, hitting 5 percent for the first time in nearly a month after bond yields edged up. Find Us On Facebook
The average rate on a 30-year fixed mortgage was 5 percent last week, up from 4.92 percent a week earlier, mortgage company Freddie Mac said Thursday. It was the highest average since the week of Sept. 24, when rates averaged 5.04 percent. While above the record low of 4.78 percent hit in the spring, rates are still attractive for people looking to buy a home or refinance. To prop up the housing market and...
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