Rates are Dropping !

Freddie Mac reports a decline in mortgage rates last week, with 30-year fixed rate falling to 6.68% down from 6.69%.

Interest on 15-year fixed loans, meanwhile, dropped to 6.32% from 6.37%

The five-year adjustable mortgage rate slipped to 6.29% from 6.30%, and the one-year ARM slid to 5.59%  from 5.69%.

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