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Article: Highest Mortgage Rates Since July, According to Freddie Mac; Fixed-Rate Mortgage Rates Leap More Than One Quarter of a Point in One Week.
- Article from:
- PR Newswire
- Article date:
- November 29, 2001
CopyrightCOPYRIGHT 2001 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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MCLEAN, Va. -- In Freddie Mac's Primary Mortgage Market Survey, the 30-year fixed-rate mortgage (FRM) averaged 7.02 percent, with an average 0.7 point, for the week ending November 30, 2001, up from 6.75 percent last week. A year ago, the 30-year FRM average was 7.65 percent. The last time the 30-year FRM was higher was the week ending July 27, 2001, when it averaged 7.03 percent.
The average for the 15-year FRM this week is 6.53 percent, with an average 0.7 point, up from last week when the 15-year FRM averaged 6.24 percent. A year ago, the 15-year FRM averaged 7.35 percent. The last time the 15-year FRM was higher was the week ending August 10, 2001, when ...