Industry News

Brighter job news boosts mortgage rates

Freddie Mac: Housing woes still far from over
Published on Dec 13, 2007

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by CareyBot

Long-term mortgage rates gained considerably this week following the Department of Labor’s stronger-than-expected employment report, Freddie Mac and reported today. According to Freddie Mac, the 30-year fixed-rate mortgage rose to an average 6.11 percent from last week’s 5.96 percent, ...