Wednesday, August 30, 2006

Mortgage Rates Decline to 5-Month LowLast week’s better-than-expected reading on the Consumer Price Index helped to push mortgage rates down to a five-month low, according to’s weekly mortgage survey of large lenders.
The average 30-year, fixed-rate mortgage fell to 6.48 percent, the lowest since March 29, while the average 15-year, fixed-rate mortgage, popular for refinancing, dropped by a similar amount to 6.19 percent

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