Fixed Rate Mortgages Jump To Highest Level In Eight Months

The 30-year fixed-rate mortgage (FRM) averaged 6.32 percent with an average 0.7 point for the week ending June 12, 2008, up from last week when it averaged 6.09 percent. Last year at this time, the 30-year FRM averaged 6.74 percent. The last time the 30-year FRM was higher was the week ending October 25, 2007, when it averaged 6.33 percent.

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