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Interest rates slip for U.S. mortgages
Friday, November 14, 2008
WASHINGTON — Mortgage rates dropped for a second straight week, reflecting the impact the weakening economy is having on financial markets.
Freddie Mac reported Thursday that rates on 30-year, fixed-rate mortgages averaged 6.14 percent this week, down from 6.20 percent last week.
For 15-year, fixed-rate mortgages, which are a popular refinancing option, rates dropped to 5.81 percent, from 5.88 percent last week.
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