Mortgage rates move higher on concern Fed may lift rates
WASHINGTON (MarketWatch) -- Mortgage rates moved higher on concerns the Federal Reserve will lift interest rates next month, Freddie Mac said Thursday. The 30-year fixed-rate mortgage averaged 3.87% in the week ending Nov. 5, up from 3.76% last week, in the biggest rise since June. The 15-year fixed-rate mortgage averaged 3.09%, up from 2.98%, the 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 2.96%, up from 2.89%, and the 1-year Treasury-indexed ARM averaged 2.62%, up from 2.54%.
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