May 24, 2007
Mortgage rates hit 4-month high
Rates on a 30-year fixed mortgage have climbed 6.42 percent this week, the highest point since January, according to Bankrate.com. Fifteen-year fixed mortgage rates also increased to 6.15 percent, while one-year adjustable rate mortgages increased to 6.08 percent. The roughly one-tenth of a percentage point hike comes after three months of little or no fluctuation.
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