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Business

Mortgage interest rates inch above 4 percent

By Christopher Quinn
Oct 14, 2011

Average interest rates for 30-year fixed mortgages inched above 4 percent after last week's drop into the 3 percent range.

Freddie Mac reported Thursday the average rate was 4.12 percent.

Mortgage rates had dropped in part because they track the yield on 10-year Treasury notes, which was also on the way down. But uncertainty in the stock markets have pushed investments into Treasury notes, so the yield is back up.

About the Author

Christopher Quinn is a writer and editor who has worked for The Atlanta Journal-Constitution since 1999. He writes stories on Veterans Affairs, business including high-tech growth in metro Atlanta, Georgia's $72 billion farm economy, and he oversees assigning and editing news obituaries.

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