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Average rates for 30-year, fixed-rate U.S. mortgage loans declined to 5.85 percent, down from 5.87 percent the previous week, MarketWatch reported March 27, 2008.
The same loan averaged 6.16 percent a year ago.
The average rate for a 15-year, fixed-rate loan rose to 5.34 percent, up from 5.27 percent the previous week, but lower than last year's 5.86 percent.
U.S. mortgage applications have surged recently.
Read The MarketWatch Article
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