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Mortgage Rates Drop This Week
A dip in the long-term mortgage rate this week offered home owners a refinancing opportunity, according to Freddie Mac.
This week's rates:
- Average interest on 30-year fixed loans fell to 5.16 percent from 5.25 percent last week.
- Interest on 15-year fixed loans also declined, slipping to 4.81 percent from 4.92 percent.
Source: Charleston Post and Courier (02/13/09)
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