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Daily Archives: August 5, 2011

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Rate on 15-year mortgage falls to decades low

NewsBy Starr Custom HomesAugust 5, 2011Leave a comment

Source: Associated Press/AP Online Publication date: August 4, 2011 By DANIEL WAGNERWASHINGTON – The average rate on a 15-year fixed mortgage has fallen to its lowest level in decades. The rate for the popular refinancing option dropped to 3.54 percent this week from 3.66 percent last week, Freddie Mac said Thursday. That’s lowest result since…

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