Latest Mortgage News: MORTGAGES / 30-year rates float above 5 %

MORTGAGES / 30-year rates float above 5 %
Rates on 30-year fixed mortgages climbed above 5 percent last week as a Federal Reserve program geared to keep interest rates low came to an end. The average rate on a 30-year fixed rate mortgage rose to 5.08 percent last week from 4.99 percent the week…


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