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by CareyBot

Mortgage rates rose for the third consecutive week as positive economic news continued, according to surveys conducted by Freddie Mac and Bankrate.com. In Freddie Mac's survey, the 30-year fixed-rate mortgage averaged 5.73 percent for the week ended today, up from last week when it averaged 5.66 percent. The average for the 15-year fixed-rate mortgage this week is 5.32 percent, up from last week when it averaged 5.25 percent. Points on both the 30- and 15-year averaged 0.4. The five-year Treasury-indexed hybrid adjustable-rate mortgage averaged 5.26 percent this week, with an average 0.5 point, up from last week when it averaged 5.15 percent. The one-year Treasury-indexed ARM averaged 4.42 percent this week, with an average 0.6 point, up from last week when it averaged 4.39 perc...