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September 03, 2009 | | Comments 0 | Filed Under: DailyGovernmentNewsWall StreetWorld

Mortgage rates fall: Freddie Mac

The 30-year fixed-rate mortgage averaged 5.14% last week and 6.35% a year ago.

Fifteen-year fixed-rate mortgages also dropped, averaging 4.54% for the week ending Sept. 3, down from 4.58% last week. The mortgage averaged 5.9% a year ago.

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