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Latest Business News

30-Year Fixed Mortgage Rates Slide

Thursday, February 22, 2007 5:06:31 PM
By MARTIN CRUTSINGER

WASHINGTON (AP) - Rates on 30-year mortgages fell this week to the lowest level in six weeks.

The mortgage company Freddie Mac reported on Thursday that 30-year, fixed-rate mortgages averaged 6.22 percent this week compared with 6.30 percent last week.

The decline was only the second since early December. It pushed rates to the lowest level since the 30-year mortgage was at 6.21 percent the week of Jan. 11.


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