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Archive Home > 2008 > June > 01 > Rates on 30-year mortgages jump to 11-week high

Rates on 30-year mortgages jump to 11-week high


June 1, 2008

Rates on 30-year mortgages jumped last week to the highest level since mid-March as investors began to worry about what the Federal Reserve will do to combat growing inflation pressures. Freddie Mac, the mortgage company, reported Thursday that 30-year fixed-rate mortgages averaged 6.08 percent....

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