Friday, August 11, 2006

Mortgage Rates Fall Again

Mortgage rates around the country dipped for a third week in a row, pushing 30-year mortgages to their lowest level since April.

Mortgage giant Freddie Mac said Thursday that 30-year, fixed-rate mortgages fell to 6.55 percent this week, down from 6.63 percent last week.

That was the lowest level for 30-year mortgages since they averaged 6.53 percent the week of April 20. Since that time, mortgages have been rising, hitting a more than four-year high of 6.80 percent the week of July 20.

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