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Average rates in the U.S. for 30-year, fixed-rate mortgage loans increased to 6.06 percent from 6.03 percent the previous week, United Press International (UPI) reported May 1, 2008.
A year ago, the same loan averaged 6.16 percent.
The 15-year loan's average rate declined from 5.62 percent to 5.59 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.
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