Industry News

Mortgage rates climb to 8-month highs

30-year fixed reaches 6.12% in Freddie Mac's latest survey
Published on May 6, 2004

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by CareyBot

Mortgage rates rose for the seventh consecutive week on signs that the Federal Reserve may soon raise its key funds rate, according to surveys conducted by mortgage buyer Freddie Mac and Bankrate. In Freddie Mac’s weekly survey, the 30-year fixed-rate ...