July 21, 2006

Mortgage Rate Continue Their Upward Trend

Rates on 30-year mortgages rose this week to the highest level since the spring of 2002.

Freddie Mac, the mortgage company, reported Thursday that rates on 30-year, fixed-rate mortgages increased to a nationwide average of 6.80 percent, up from 6.74 percent last week.

The increase pushed 30-year rates to the highest level since they stood at 6.81 percent the week of May 24, 2002. (Read More)

Source: The Seattle Times: Real Estate

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Tags: Real Estate News

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Filed under Real Estate News by Kirk McDonough.
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