Mortgage Rates Keep Rising

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McLEAN, Va. - (03/11/05) -- Long-term mortgage rates increasedagain this week, for the fourth week in a row, according to FreddieMac. The average for the benchmark 30-year, fixed-rate loan climbedto 5.85% this week, from 5.79% last week; while the average for the15-year, fixed-rate mortgage rose to 5.38%, from 5.33%. ARM ratesalso moved upwards, with the average for the five-year hybrid ARMincreasing to 5.22%, from 517% last week; and the average for theone-year ARM moving to 4.24%, from 4.14%.

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