The rate for a 30-year fixed-rate mortgage averaged 4.04 percent this week, up from last week’s 3.87 percent, Freddie Mac said yesterday. At this time last year, the 30-year FRM rate averaged 4.2 percent. This week’s 15-year FRM rate averaged 3.25 percent, up from last week’s 3.08 percent rate. A year ago, the 15-year FRM rate averaged 3.31 percent.
--ABA Daily Newbytes
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