Fred Harteis – 30 year Mortgage rates increase for the first time in five years.
Rates on 30-year mortgages rose for the first time in five weeks as investors awaited word from next week's meeting of the Federal Reserve on the future direction of mortgage rates.
Mortgage giant Freddie Mac reported Thursday that the nationwide average for rates on 30-year, fixed-rate mortgages rose slightly this week to 5.74 percent, up from 5.71 percent last week.
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