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Friday, August 8, 2014

Friday Rate Update

Mortgage Rates Edge Up Slightly

The rate for a 30-year fixed-rate mortgage edged up slightly to 4.14 percent from the previous week’s 4.12 percent, and the 15-year FRM rate rose from 3.23 percent to 3.27 percent, Freddie Mac said yesterday. At this time in 2013, the 30-year rate averaged 4.40 percent and the 15-year rate averaged 3.43 percent.

--ABA Daily Newsbytes

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