Friday, August 08, 2008

Weekly Average Mortgage Rates Unchanged

Rates on 30-year mortgages didn't budge this week, while rates on other home loans were a mixed bag.Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages averaged 6.52 percent for the week ending Aug. 7. That was the same as last week's rate, which marked the second-highest of the year. The highest _ 6.63 percent _ came the week ending July 24.Meanwhile, rates on 15-year, fixed-rate mortgages, a popular choice for refinancing, rose to 6.10 percent this week, up from 6.07 percent last week.

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