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NEW YORK CITY-Fixed mortgage rates have plunged again for thethird consecutive week. Freddie Mac has said that the average valuefor 30-year fixed mortgages dipped from 4.78% to 4.71% thisweek.

The average value for 15-year fixed loans fell from 3.97% to3.89%. Mortgage rates have dropped this week following lower yieldson the 10-year treasury bonds. The average value for on-yearadjustable-rate loans dropped from 3.15% to 3.14%. For thefull story, go to San Francisco Chronicle.


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