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Mortgage Rates Lower: Fixed-rate home mortgages are...

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From Times Staff and Wire Reports

Mortgage Rates Lower: Fixed-rate home mortgages are averaging 10.26%, down from 10.34% last week, according to a national survey by the Federal Home Loan Mortgage Corp. On one-year adjustable-rate mortgages, the average initial rate was 8.56%, up from 8.55% the week before.

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