Mortgage Rates Increase
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Mortgage rates rose this week, although 30-year mortgages were still below the 6 percent level for a fourth week, Freddie Mac said Thursday.
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Homeowners increased their mortgage borrowing by almost $600 billion in the last quarter of 2006, an annual pace of 6.4 percent.
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In another indication of increasing consumer debt, a new federal report has found that the percentage of borrowers who turned to high-cost loans to buy or refinance their houses rose last year.
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U.S. mortgage applications rose for  the first time in three weeks as interest rates on home loans  fell from a four-year high during a week when the Federal  Reserve raised borrowing costs, an industry trade group said on  Thursday.
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The Reserve Bank has raised the Official Cash Rate by a further 25 basis points, to 6.5 percent. It&#39;s the sixth rate rise this year, and matches market anticipations.
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Sentiment towards sterling has improved since the release of data revealing that mortgage lending remains strong, raising the possibility that the Bank of England may still need to keep hiking interest rates.
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European interest rates were on the rise yesterday after the Bank of England announced another increase in borrowing costs and the European Central Bank signalled that eurozone rates were likely to go up in September.
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If your mortgage rate is rising, is it time to refinance?
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Thirty-year fixed-rate mortgages averaged 5.76 percent for the week ending November 11th, up from 5.70 percent last week. Mortgage rates are still low by historical standards, however, even with the increase.
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Freddie Mac of McLean, Va., said Friday long term mortgage rates inched higher during the week ending Dec. 2. Freddie Mac said the rate on the popular 30-year fixed-rate mortgage loan rose to an average 5.81
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U.S. mortgage applications rose last week, with both new purchases and refinancings driven up by the lowest long-term home loan rates since early December, an industry trade group said on Wednesday.
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Business & money: Mortgage lending rose to record levels last month as borrowers reacted to further interest rate rises.
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U.S. mortgage applications rose last week, fueled by increased demand for home purchase loans even as interest rates hit their highest level in nearly a year, an industry group's data showed on Wednesday.
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NEW YORK  - New applications for U.S. home loansrose last week to their highest level in four months eventhough mortgage rates ticked upward from their recent lows, anindustry group said on Wednesday.
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Mortgage rates edged up slightly this week, putting an end to a two-week decline, according to surveys conducted by mortgage buyer Freddie Mac and Bankrate.
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MCLEAN, Va. - Mortgage rates have risen this week, but they remain at the low levels seen for most of this year. Mortgage company Freddie Mac says 30-year fixed-rate mortgages have gone from an average 5.75 percent last week up to 5.81.
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America&#39;s central bank, the Federal Reserve, last night raised interest rates for the fourth time in six months and warned US consumers and businesses to expect further increases in the cost of borrowing over the coming months.