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Fixed-Rate Mortgage

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Consumer Spending Drives Up Mortgage Rates 

Dec 28, 2006By

Mortgage rates moved higher for the third consecutive week, following strong consumer spending figures for November. The average 30-year fixed rate mortgage is now 6.23 percent. According to Bankrate.com’s weekly national survey of large lenders, the 30-year fixed rate mortgages had an average of 0.25 discount and origination points.