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Aug 29, 2008
WASHINGTON—Rates on fixed-rate home mortgages fell this week, following reports of weakness in the economy, Freddie Mac’s chief economist said Thursday. But rates on adjustable-rate mortgages rose slightly. The 30-year fixed-rate mortgage averaged 6.40% for the week ended Aug. 28, down from 6.47% last week. The mortgage averaged 6.67% a year ago. And 1...
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