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by CareyBot

Mortgage rates posted mixed results this week on news of improvement in manufacturing and home sales and a disappointing employment report, according to surveys conducted by Freddie Mac and Bankrate.com. In Freddie Mac's survey, the 30-year fixed-rate mortgage held steady at an average 6.18 percent, while the 15-year fixed-rate average inched up to 5.94 percent from last week's 5.93 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 6.02 percent this week, with an average 0.4 point, up from last week when it averaged 5.98 percent. The one-year Treasury-indexed ARM averaged 5.42 percent, with an average 0.6 point, d...