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Mortgage rates rise across board

October 17, 2008|From Times Wire Services

Rates on 30-year fixed-rate mortgages averaged 6.46% this week, up from 5.94% last week, mortgage company Freddie Mac said.

Average rates on 15-year fixed-rate mortgages, which are popular with people who are refinancing, rose to 6.14% from 5.63% last week. Five-year adjustable-rate mortgages rose to 6.14% from 5.90%. One-year adjustable-rate mortgages edged up to 5.16% from 5.15%.

The rates do not include add-on fees known as points.

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