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Mortgage Rates Fall: Fixed-rate mortgages averaged 10.24%...

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From Times Staff and Wire Reports

Mortgage Rates Fall: Fixed-rate mortgages averaged 10.24% this week, down from 10.29% last week, according to a national survey by the Federal Home Loan Mortgage Corp. On one-year adjustable-rate mortgages, lenders were asking an average initial rate of 8.3%, down from 8.36% last week. The rates do not include add-on fees known as points.

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