December 2010
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NEWS: Mortgage Rates Climb to 7-Month High!
Freddie Mac announced in a statement today that the average rate for a 30-year fixed loan rose to 4.86 percent in the week ended today from 4.81 percent. The average 15-year rate advanced to 4.2 percent from 4.17 percent.
What this means is borrowing costs just increased for homebuyers. However, borrowing costs are still near historic lows. The 30-year fixed rate averaged about 4.7 percent...