Thursday, July 06, 2006

Mortgage rates edge up for 4th weekly increase

Associated Press
Jul. 6, 2006 11:22 AM

WASHINGTON - Rates on 30-year mortgages edged up slightly last week as fears about the Federal Reserve's next rate moves lessened a bit.Freddie Mac, the mortgage company, reported Thursday that rates on 30-year, fixed-rate mortgages increased to a nationwide average of 6.79 percent this week, up from 6.78 percent last week.

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