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Fixed-Rate Mortgages Average 10.19%: Fixed-rate home...

June 24, 1989

Fixed-Rate Mortgages Average 10.19%: Fixed-rate home mortgages are averaging 10.19%, according to a national survey by the Federal Home Loan Mortgage Corp. That rate was up from 10.04% last week. On one-year adjustable-rate mortgages, lenders were asking an average initial rate of 9%, up from 8.95% the week before, the agency said.

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