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Rate Trend Down

August 11, 2006


Around the country we have seen mortgage interest rates heading down for the last three weeks. Thirty year mortgages are now at their lowest point since April of this year. Interest rates for a thirty year mortgage are averaging at 6.55 %, down from 6.63% from last week. The fifteen year fixed-rate is averaging at 6.2% while the five-year adjustable rate is 6.21%.

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