Mortgage rates touches 1-year highs - 2003-08-07
The 30-year mortgage rate surged to 6.34 percent in the week ending August 8, from 6.14 percent a week earlier, with an average of 0.7 of a point payable up front, mortgage lender Freddie Mac reported Thursday.
This week's 6.34 percent is the highest level since Aug. 2, 2002, when the 30-year stood at 6.43 percent. The 15-year fixed-rate mortgage jumped to 5.66 percent, with 0.7 of a point up front.
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