rising mortgage rates: Mortgage Rates Slowly on the Rise - 02/11/11 12:35 AM

It's time to say hello to 5% loans.
The national average interest for a 30-year, fixed-rate mortgage surpassed 5% for the first time since May 2010, according to Freddie Mac's Primary Mortgage Market Survey.
During the week ending Feb. 11, rates averaged 5.05%. That factors in an average of 0.8 points in fees that the average borrower paid to lower his or her rate.
And rates quoted by Bankrate.com -- which look at loans not backed by mortgage giants Fannie Mae or Freddie Mac -- spiked to nearly 5.25% in the past week. (This index has been popping … (2 comments)

Christina Shepherd (The Halyn Group)

Christina Shepherd

Atlanta, GA

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The Halyn Group

Address: 943 Peachtree St, Atlanta, GA, 30309

Office: (404) 931-8848

Fax: (404) 745-0129

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