Monday, February 26, 2007

Mortgage Rates Fall to lowest levels in 6 weeks

Rates on 30-year mortgages fell last week to the lowest level in six weeks.

30-year, fixed-rate mortgages averaged 6.22 percent last week compared with 6.3 percent the previous week.

The decline was only the second since early December.

It pushed rates to the lowest level since the 30-year mortgage was at 6.21 percent the week of Jan. 11.

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