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Friday, August 15, 2008

30-Year Mortgage Rates Hold Steady

From Realtor Magazine Online, Daily Real Estate News August 15, 2008

Freddie Mac reports that the 30-year fixed mortgage rate held steady at 6.52 percent during the week ended Aug. 14. However, interest on 15-year fixed loans fell slightly to 6.07 percent from the prior week.

Meanwhile, the five-year adjustable mortgage rate dipped to 6.05 percent, and the one-year ARM dropped to 5.18 percent.

Source: Chicago Sun-Times, Francine Knowles (08/15/08)
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