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Long-term mortgage rates followed bond rates higher this week, although the one-year adjustable-rate loan turned lower, Freddie Mac said Thursday in its weekly mortgage survey. The benchmark 30-year, fixed-rate mortgage moved up to a national average...
Tags: Freddie Mac, mortgage rate, term mortgage
But mortgages that adjust in one year have been slightly more expensive for the last two weeks, according to a Freddie Mac survey released yesterday. The average rate on those loans was 4.82 this week compared with 4.8 percent for a 30-year fixed loan.
Tags: Freddie Mac, mortgage rate, rate mortgage, record lows, survey released, term mortgage, U.S, rate fall