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Freddie Mac says survey shows 30-year fixed rate stands at 5.3%
Weekly 30-year fixed rate was up about a quarter percentage point.
Kevin Palmer has held a variety of positions since joining the enterprise in 2001.
30-year fixed rate mortgage at 5.10%
New business activity, however, was down 43% YOY as refinance activity moderated.
Seventh consecutive weekly increase says Freddie Mac
