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October 25, 2007

Mortgage Interest Rates Decline

Average rates for U.S. 30-year, fixed-rate home loans declined to 6.33 percent, down from 6.40 percent the previous week, MarketWatch reported October 25, 2007.

The same mortgage stood at 6.40 percent during the same period last year.

            The 15-year, fixed-rate mortgage averaged 5.99 percent, down from 6.08 percent. The mortgage averaged 6.10 percent a year ago.

Read The MarketWatch Article

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