Mortgage rates hit new seven-month high - 2005-03-17
Rates on 30-year mortgages went up this week to their highest level in seven months, a trend that is expected to slow — but not stifle — the nation’s housing market.
Mortgage giant Freddie Mac, in its weekly survey of mortgage rates around the country, revealed Thursday that rates on 30-year, fixed-rate mortgages averaged 5.95 percent for the week ending March 17.
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