Industry News

Mortgage rates soar on economic reports

30-year fixed reaches 5.89%
Published on Apr 15, 2004

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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 ...