Industry News

Mortgage rates higher on consumer confidence

Rising costs to drag housing in coming months
Published on May 24, 2007

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by CareyBot

Mortgage rates rose considerably this week on news of strong consumer confidence and unpredictable inflation, Freddie Mac and Bankrate.com reported today. In Freddie Mac’s survey, the 30-year fixed-rate mortgage reached an average 6.37 percent, up from last week’s 6.21 percent, ...

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