Industry NewsMortgage

Growing economy bumps up mortgage rates

30-year fixed averages 5.94% in Freddie Mac's latest survey
Published on Apr 22, 2004

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by CareyBot

Mortgage rates continued their upward trend this week on comments by Federal Reserve Chairman Alan Greenspan that the economy is in a state of "vigorous expansion," according to surveys conducted by mortgage buyer Freddie Mac and Bankrate.

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