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Mortgage Rates Steady, Mixed Save Email Print
Posted: 3:26 PM Aug 7, 2008
Last Updated: 3:26 PM Aug 7, 2008

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WASHINGTON (AP) -- Rates on 30-year mortgages didn't budge this week, while rates on other home loans were mixed.

Freddie Mac, the mortgage company, reports that 30-year, fixed-rate mortgages averaged 6.52 percent this week. That's the same as last week's rate, the second-highest of the year. The highest was 6.63 percent two weeks ago.

Meanwhile, rates on 15-year, fixed-rate mortgages, a popular choice for refinancing, rose to 6.10 percent this week, up from 6.07 percent last week.

But other rates went down. Rates on five-year, adjustable-rate mortgages averaged 6.05 percent this week -- down slightly from 6.07 percent last week. And rates on one-year ARMs dipped to 5.22 percent, compared with 5.27 percent.

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