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US rate on 30-year mortgage rises to 3.63 percent
By MARTIN CRUTSINGER
AP Economics Writer
WASHINGTON (AP) -- The average U.S. rate on the 30-year fixed mortgage rose this week to its highest level in seven months but remains near historic lows. Low mortgage rates have helped support the gradually recovering housing market.
Freddie Mac says the average rate for the 30-year fixed loan rose to 3.63 percent from 3.52 percent last week.
It's the highest rate since August. But it's still near the 3.31 percent reached in November, which was the lowest on records dating to 1971.
The average rate on the 15-year fixed mortgage rose to 2.79 percent, up from 2.76 percent last week. The record low is 2.63 percent.
Cheap mortgages are encouraging more people to buy or refinance and are helping sustain the economy's recovery. The increased sales are also helping lift home prices.
Copyright 2013 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Posted: Sunday, March 17 2013, 12:11 PM CDT
IN OKLAHOMA NEWS
Moore post office service increases; streets open
May 24, 2013 17:29 GMT
MOORE, Okla. (AP) -- Public agencies in Moore have opened streets to residents and resumed mail delivery to as many addresses as possible.
At a news conference Friday, police said residents in the hardest-hit areas can go back into their neighborhoods without having to deal with police checkpoints. Some road closures may still occur as utility crews work to restore service.
Moore's postmaster said 85 percent of mail delivered from the Moore station is being delivered, and that mail deliveries from the Santa Fe station are up to 95 percent.
For those whose mail is not being delivered, those with ZIP codes 73153 and 73160 can pick up mail at the Airport Finance unit on Air Cargo Road.
Those in ZIP code 73170 can go to the Santa Fe station for their mail.
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BC-US--Dow Record-Three Personal Stories, 1st Ld-Writethru,1173
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AP Photo FX102, FX103
Eds: With BC-US--Dow Record. Adds photos.
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