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Friday, April 4, 2008

30-Year Rates Climb for Week

From Realtor Magazine Online, Daily Real Estate News April 4, 2008

Mortgage borrowing costs were up for the week, reports Freddie Mac. According to the company's figures, interest on 30-year fixed loans bumped up to 5.88 percent from 5.85 percent a week ago; while 15-year fixed loans climbed to 5.42 percent from 5.34 percent.

On the other hand, adjustable-rate products moved in the opposite direction, with the one-year ARM dipping to 5.19 percent from 5.24 percent and the five-year ARM sliding to 5.59 percent from 5.67 percent.

Source: San Diego Union-Tribune (04/04/08)
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