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Mortgage Rates Rise Despite Fed Cut

Stock quotes in this article: FRE  

If you're still waiting to refinance that adjustable-rate mortgage, you may have blown it.

Mortgage rates rose over the past week from two-year lows, even as the Federal Reserve lowered short-term interest rates again, according to a survey by Freddie Mac(FRE Quote).

The average rate on benchmark 30-year, fixed-rate mortgages was 6.11% in the week ended Thursday, up 15 basis points from 5.96% the previous week. ...

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