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Article: 30-Year Mortgage Rates Inch Up Again
- Article from:
- The Washington Post
- Article date:
- June 7, 2008
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Copyright informationThis material is published under license from the Washington Post. All inquiries regarding rights should be directed to the Washington Post. (Hide copyright information)
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Rates on 30-year mortgages edged up this week to the highest
level since March as investors worried about inflation threats.
The mortgage company Freddie Mac reported Thursday that 30-year
fixed-rate mortgages averaged 6.09 percent, compared with 6.08
percent last week. It was the highest mark for 30-year mortgages in
12 weeks.
Analysts cited concerns in financial markets about what the
Federal Reserve might do to confront increased inflationary
pressures.
Federal Reserve Chairman Ben S. Bernanke expressed new concerns
this week about inflation, whichthe markets interpreted as a signal
the central bank will not cut interest rates further.
The Fed cut rates seven times from September through ...
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Article: Fixed-rate Mortgage Average Increases to 7.51 Percent
The Journal Record;
March 4, 1994 ;
128 words
......Thirty-year, fixed-rate mortgages averaged 7.51 percent this week, up from 7...when they averaged 7.52 percent. Rates dropped to a 25-year low of 6.74 percent in October and generally...rise much above 7.5 percent this year. On one-year...initial rate of 4.48 percent, up from ...
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