P.M. BRIEFING : Home Mortgage Rates Increase
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<i> From Times wire service</i> s
WASHINGTON — Fixed-rate home mortgages are averaging 10.78%, according to a national survey released today by the Federal Home Loan Mortgage Corp. That rate was up from a rate of 10.69% last week. On one-year adjustable rate mortgages, lenders were asking an average initial rate of 8.73% this week, up from 8.68% the week before, the agency said.
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