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Archive Home > 2009 > June > 07 > Fixed-rate mortgages rise above 5 percent

Fixed-rate mortgages rise above 5 percent


June 7, 2009

WASHINGTON — Rates on 30-year home loans surged above 5 percent for the first time in nearly three months last week as investors pushed up rates on long-term government debt, which is closely tied to mortgage rates. Mortgage finance giant Freddie Mac said Thursday that average rates on....

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