Mortgage rates up as investors ditch bonds

30-year fixed-rate up 42 points from October low

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Mortgage rates continue to rise as more investors gain confidence in the economy, making safe bets like Treasurys and mortgage-backed securities that fund home loans less attractive, Freddie Mac said in releasing the results of its weekly Primary Mortgage Market Survey.

"After Europe made strides in its debt situation, investors left the security of U.S. Treasury debt