"The average interest rate on a 30-year, fixed mortgage reached 5.06% in March, an increase of 9 basis points from the previous month, according the Federal Housing Finance Agency.
It's the first time the rate passed 5% on the 30-year FRM since June. The low since then was 4.38% in November. The FHFA calculates the average interest rate on purchase mortgages of less than $417,000 closed during the week ended March 31..."
at http://www.housingwire.com/2011/04/26/fhfa-30-year-fixed-mortgage-rate-passes-5?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+housingwire%2FuOVI+%28HousingWire%29
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