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Fixed-Rate Mortgages Hit a 3-Week High

December 01, 1991|Associated Press

WASHINGTON — Fixed-rate mortgages averaged 8.70% last week, up from 8.63% the week before, according to a national survey released Friday by the Federal Home Loan Mortgage Corp.

It was the highest rate in three weeks.

On one-year adjustable-rate mortgages, lenders were asking an average initial rate of 6.34%.

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