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December 29, 2009

Home Mortgage Rates Jump

Category: Mortgage Industry News – admin – 10:56 am

According to Zillow, the mortgage rates for 30-year fixed home loans rose to 4.93% in both the U.S. last week, up substantially from the previous week.  Just two weeks ago, national average thirty year fixed mortgage rates were 4.77%.

The volume of mortgage requests fell 26% nationally last week and of those requests, 63% were for purchase loans, 35% were for refinance loans and 2% were for home equity loans.  Zillow also reported that mortgage rates for 15-year fixed mortgages also rose nationally.

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