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Long-term lending rates little changed in week

Feb. 13, 2014 at 12:35 PM

WASHINGTON, Feb. 13 (UPI) -- Interest rates on mortgage loans were little changed in a week with few influential economic reports, the Federal Home Loan Mortgage Corp. said Thursday.

Average rates on 30-year fixed-rate loans rose from 4.23 percent to 4.28 percent with 0.7 points in the week, Freddie Mac said.

A year ago, 30-year fixed-rate loans were priced at 3.53 percent.

Average interest rates on 15-year fixed-rate loans were unchanged week to week at 3.33 percent with 0.7 point. A year ago, these loans averaged 2.77 percent.

Rates on five-year adjustable loans averaged 3.05 percent, down from 3.08 percent in the previous week and up from 2.64 percent in the same week a year ago.

For one-year, adjustable rate loans, rates averaged 2.55 percent, up from 2.51 percent. One year prior rates for adjustable one-year loans averaged 2.61 percent.

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