Industry News

Real estate rates rise

Fewer borrowers opt for adjustable loans
Published on Dec 22, 2004

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by CareyBot

Long-term mortgage rates increased this week, according to Freddie Mac’s weekly mortgage survey. Freddie Mac reported that the 30-year fixed-rate mortgage averaged 5.75 percent for the week ended today, up from last week when it averaged 5.68 percent. The average ...