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Oct
31
2008

Bond Yields Drive Long-Term Mortgage Rates to Higher Levels

Market Conditions and Outlook
Freddie Mac today released the results of its Primary Mortgage Market Survey (PMMS) in which the 30-year fixed-rate mortgage (FRM) averaged 6.46 percent with an average 0.7 point for the week ending October 30, 2008, up from last week when it averaged 6.04 percent. Last year at this time, the 30-year FRM averaged 6.26 percent.

Read entire article: Bond Yields Drive Long-Term Mortgage Rates to Higher Levels

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