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Freddie Mac

Mortgage rates hit high for 2015; 30-year loan averaging 4.08%

Mortgage rates hit high for 2015; 30-year loan averaging 4.08%

The economy's slow improvement is nudging mortgage interest rates higher, with home finance giant Freddie Mac saying the average for a conventional 30-year mortgage rose to 4.08% this week, its high point for the year.  Freddie Mac's weekly survey of lenders started the year at 3.87% and sank to 3.59% in early February. This week's report, released Thursday, showed the 30-year fixed rate loan at or above 4% for the fourth survey in a row, and up from 4.02% last week.  Lenders were offering 15-year fixed-rate loans to solid borrowers at an average of 3.24%, up from 3.21% a week ago, Freddie Mac said. The starting rates for adjustable loans moved higher as...

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