Mortgage rates posted mixed results this week following a better-than-expected unemployment report that seemed to quell fears of a dark economic downturn, according to surveys conducted by Freddie Mac and Bankrate.com. In Freddie Mac's survey, the 30-year fixed-rate mortgage rose to an average 6.47 percent this week, up from last week's average of 6.44 percent. The average for the 15-year fixed-rate mortgage also gained from last week, inching up to 6.16 percent from 6.14 percent. Points, which are fees charged by lenders for loan processing expressed as a percent of the loan, averaged 0.4 on the 30- and 15-year loans. The five-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 6.14 percent this week, with an average 0.5 point, up from last week's rate of 6.11 percent. T...
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