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Mortgage Rates at highest levels since October

As the Federal Reserve continues to fight a struggling economy and inflation, mortgage rates continue to creep higher.

According to the mortgage company, Freddic Mac, the 30-year fixed rate mortgages averaged 6.32% last week. That is up sharply from 6.09% the previously week. Read more.

More on Illinois rates after the jump ...

Locally, in Illinois, bankrate.com reports the 30-year fixed rate mortgages average 6.33%. The average rate is even higher in Chicago. According to bankrate.com, it stands at 6.35%. Click here to read more.


Posted by HomesPlus on June 13, 2008 8:27 AM |

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