Mortgage Rates Drop
- By:
- Bill Rice | Fri, 11/14/2008
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Mortgage rates drop again for the second straight week. Freddie Mac reports that the 30-year fixed-rate mortgage took another sharp decline this week to a nationwide average of 6.14 percent. This continued downward pressure is the result of continued dismal economic report. This week it was driven by over a half million new job losses and an October US deficit increase of a quarter of a trillion dollars.
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National Rates
| Loan Type | Today |
|---|---|
| 30 yr fixed | 4.83 |
| 15 yr fixed |
4.39 |
| 5/1 ARM | 3.69 |
Rates may contain points
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