Industry News

Rising mortgage rates slow lending activity

30-year fixed averages 6.32% in Freddie Mac survey
Published on Jun 17, 2004

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by CareyBot

Long-term mortgage rates inched higher this week, easing the pace of real estate purchases, according to the latest survey from mortgage buyer Freddie Mac. In Freddie Mac’s weekly survey, the 30-year fixed-rate mortgage averaged 6.32 percent for the week ended ...