Signs of growth goose mortgage rates

Rates on fixed-rate loans up for 5th week in a row

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Rates on fixed-rate loans were up for the 5th week in a row as new signs of economic growth prompted investors to continue moving out of bonds and securities that fund most mortgage loans, Freddie Mac said in releasing its weekly Primary Mortgage Market Survey.

Rates for 30-year fixed-rate mortgages averaged 4.83 percent with an average of 0.7 point for the week ending Dec. 16, up from 4.61 percent last week but still below the 4.94 percent rate this time a year ago, Freddie Mac said.