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Mortgages head back up

Friday February 11 by Claudia bournecnn
Mortgage rates jumped almost a tenth of a percentage point this week, thanks to a strong employment report, and they haven't been this high since July 1996, according to a survey released today by Freddie Mac. The average rate on a 30-year fixed-rate mortgage ran 8.36 percent, up from 8.25 percent last week. Last year the same mortgage stood at 6.77 percent. You have to go back to July 12, 1996 to find a higher rate.





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