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#1
April 26th, 2007, 08:04 PM
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Economy - Thursday
(Investor's Business Daily)
Investor's Business Daily - Average interest rates for a 30-year mortgage slipped to 6.16% this week vs. 6.17% last week, Freddie Mac said. The 15-year rate averaged 5.87% vs. 5.89% while 1-year ARMs fell to 5.43% vs. 5.45%. Weaker existing-home sales and consumer confidence gave the market pause.
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