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The Wall Street Journal

Mortgage Charges Rise for Fifth Week in a Row, Hitting 6.29%

Mortgage charges rose for the fifth consecutive week, reaching but once more the very best stage because the monetary disaster.

The common charge on a 30-year fastened mortgage climbed to six.29%, based on a survey of lenders launched Thursday by Freddie Mac. It was the second week in a row that charges topped 6%. The final time charges have been this excessive was October 2008, when the U.S. was deep in recession.

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