Mortgage rates going up?

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Credit Crunch, Credit, Politics, Bailout News, The Economy, Real Estate March 5th, 2009

CNBC:

U.S. mortgage rates rose in the latest week despite government efforts to bring mortgage rates down to levels that will spur demand and help the hard-hit housing market begin to recover.

Interest rates on U.S. 30-year fixed-rate mortgages rose to 5.15 percent for the week ending March 5, up from the previous week’s 5.07 percent, according to a survey released on Thursday by home funding company Freddie Mac.


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