Long-Term Mortgage RatesRise

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McLEAN, Va. - (12/03/04) -- Fixed mortgages rates climbed higherthis week, following the short Thanksgiving Day week, according toFreddie Mac. The average for the benchmark 30-year, fixed-rate loanrose to 5.81% this week, from 5.72% last week; while the averagefor the 15-year, fixed-rate mortgage increased to 5.23%, from5.15%. The average for the one-year ARM held steady at4.19%.

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