Thursday, September 02, 2010
12:30 PM Texas Time
Record Rates Rising
Average 30-year fixed rate a record 4.32%
Freddie Mac reported this week that the average 30-year fixed-rate mortgage fell to 4.32 percent.
It was the lowest level recorded since Freddie began tracking the 30-year nearly four decades ago.
But a 7-basis-point jump in the 10-year Treasury yield suggests mortgage rates will be higher in next week's reports.
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