News Summary: Rate on 30-year mortgage: 3.55 pct.

AP News
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Posted: Aug 02, 2012 2:39 PM

RATES RISE: The average U.S. rate on the 30-year fixed mortgage rose this week after falling to new record lows in each of the past four weeks.

THE NUMBERS: The rate on the 30-year loan jumped to 3.55 percent, mortgage buyer Freddie Mac says. The rate on the 15-year mortgage increased to 2.83 percent

OUTLOOK: Cheaper mortgage rates have helped drive a modest but uneven housing recovery.