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Mortgage Rates Retreat as Inflation Fears Ebb HW+

Apr 19, 2007By

Fixed mortgage rates broke a string of four consecutive increases, dipping this week in response to favorable news on the inflation front. The average 30-year fixed mortgage rate slid to 6.29 percent, according to Bankrate.com’s weekly national survey of large lenders; 30-year fixed rate mortgages had an average of 0.27 discount and origination points, the online information service said. Average 15-year fixed rate mortgage rates inched lower to 6.02 percent, while the average jumbo 30-year fixed rate nosed higher to 6.59 percent. On adjustable rate mortgages, the average 5/1 ARM rate sank to 6.11 percent and the average one-year ARM held steady at 6 percent.

3d rendering of a row of luxury townhouses along a street

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