Rates predicted to fluctuate under 7% for remainder of the year
Amy Hoak, MarketWatch
Last Update: 11:49 AM ET Aug 3, 2006
CHICAGO (MarketWatch) -- A major indicator hinted that inflation is less of a concern, prompting mortgage rates to fall for the second week in a row in Freddie Mac's weekly survey, released on Thursday.
The 30-year fixed-rate mortgage averaged 6.63% for the week ending Wednesday, down from last week's 6.72% average, according to the survey. The 30-year averaged 5.82% a year ago. The 15-year fixed-rate mortgage averaged 6.27% for the week, down from 6.34%. The 15-year averaged 5.38% a year ago.
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