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The average rate for a 30-year, fixed-rate mortgage loan in the U.S. nudged lower, from 6.06 percent to 6.05 percent, United Press International (UPI) reported May 8, 2008.
Despite all the talk about interest rates moving higher, the current average for the 30-year rate is below the 6.21 percent from the same time last year.
The 15-year note remained increased slightly, moving from 5.59 percent to 5.60 percent.
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I am a Massachusetts real estate broker and lawyer and co-founder/owner of Buyers Brokers Only, LLC. I am also a partner in the law firm of Rosa & Kres, LLP.
If you have a question for me about any aspect of the home-buying process (i.e., house hunting, mortgages, negotiations, buyer agency, purchase and sale, etc.), please don't hesitate to send me an email. I'm happy to try to answer your question.
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