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Published: November 7, 2008
Business Briefs: Mortgage rates drop, reports
Nation

Mortgage rates drop, Freddie Mac reports WASHINGTON — Mortgage rates dropped this week, providing a dose of welcome news to prospective home buyers. Freddie Mac, the mortgage giant, reported Thursday that rates on 30-year, fixed-rate mortgages averaged 6.20 percent for the week ending Nov. 6. That was down sharply from 6.46 percent last week. Thirty-year mortgage rates hit a high for the year of ...

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