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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.   In Freddie Mac's weekly survey, the 30-year fixed-rate mortgage averaged 5.94 percent for the week ended today, up from last week when it averaged 5.89 percent. The average for the 15-year fixed-rate mortgage this week is 5.25 percent, up slightly from last week when it averaged 5.23 percent. Points on both the 30- and 15-year averaged 0.7.   One-year Treasury-indexed adjustable-rate mortgages averaged 3.69 percent this week, with an average 0.7 point, unchanged from last week.   "Although this past month's dramatic rise in mortgage rat...