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Monday, August 01, 2005

Mortgage Rates

The average for 30-year fixed rate mortgages (FRM) rose to 5.73 percent compared to 5.66 percent a week earlier. One year ago, the 30-year was at 5.98 percent.

The average for 15-year FRM was 5.32 percent, up from 5.25 percent a week ago. One year ago, the 15-year fixed-rate mortgage averaged 5.39 percent.

~Bobbi Dickerson, Preferred Mortage loan officer


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