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Rate on 30-year mortgage hits 5.05 pct.

February 10, 2011 10:12 AM

NEW YORK (AP) - The average rate on the 30-year mortgage topped 5 percent this week for the first time since April. Higher rates could further hamper the struggling housing market ahead of the spring's prime home-buying season. Freddie Mac says the average rate rose to 5.05 percent from 4.81... more »

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