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by CareyBot

Mortgage rates climbed to fourth-month highs this week in response to positive economic news, according to surveys conducted by mortgage giant Freddie Mac and Bankrate. In Freddie Mac's weekly survey, the 30-year fixed-rate mortgage averaged 5.89 percent, with an average 0.6 point, for the week ended today, up from last week when it averaged 5.79 percent. The average for the 15-year fixed-rate mortgage this week is 5.23 percent, with an average 0.6 point, up from last week when it averaged 5.12 percent. Rates on one-year adjustable-rate mortgage averaged 3.69 percent, with an average 0.6 point, up from 3.65 percent last week. "With economic news continuing to point to a growing economy, the financial markets are beginning to think about the likelihood of inflation again," said Frank N...