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Mortgage Rates Fall in Week

Stock quotes in this article: FRE  

Mortgage rates fell to their lowest levels in four weeks, responding to a steady stream of bad news about the economy.

The average rate on 30-year, fixed-rate mortgages fell 10 basis points to 6.07%, according to a survey by Freddie Mac(FRE Quote).

A basis point is a hundredth of a percentage point. ...

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