Industry News

Long-term mortgage rates drift higher

One-year ARM slips to 8-month low
Published on Mar 4, 2004

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by CareyBot

Mortgage rates nudged up this week, while financial markets await tomorrow’s February employment report, according to surveys conducted by mortgage buyer Freddie Mac and Bankrate. In Freddie Mac’s weekly survey, the 30-year fixed-rate mortgage averaged 5.59 percent for the week ...

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