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Good News—Mortgage Rates Fall Again

The average rate for a 30 year fixed loans fell to 4.17% from 4.24%. That is the lowest rate on record dating back to 1971. The rates were quoted by Freddie Mac last Tuesday. The average rate on a 15-year fixed loan fell to 3.57% from 3.63%. Information reported by the AJC, today 11/11/10.

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