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US rate on 30-year mortgage rises to 3.39 pct.

Posted by Bonnie Martin Designated Broker on Friday, October 12th, 2012 at 8:01am.

Average U.S. rates on fixed mortgages ticked up from record lows last week. Cheaper mortgages are fueling a modest housing recovery that could help the broader economy.

Mortgage buyer Freddie Mac said Thursday that the rate on the 30-year loan increased to 3.39 percent from 3.36 percent. The previous week's rate was the lowest since long-term mortgages began in the 1950s.

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