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 Mortgage Rates Softened By Job Growth
16-06-2006
Borrowers caught a bit of a break during the weeks ended June 7 and 8. Freddie Mac, in its Weekly Primary Mortgage Survey reported that average mortgage rates for all four categories of loans it tracks decreased up to six basis points from the previous week.
Rates for the 30-year fixed rate mortgage declined from 6.67 percent to 6.62 percent although fees and points increased from 0.4 to 0.5. The 15-year fixed was down three basis points to 6.23 percent; fees and points mirrored that of the 30-year. A year ago the 30-year averaged 5.56 percent and the 15-year averaged 5.14 percent.
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