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Mortgage Rates Down a Fourth Straight Week

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From the Associated Press

Rates on 30-year mortgages fell for a fourth consecutive week as a slowing economy allayed concerns about inflation.

Mortgage giant Freddie Mac said 30-year fixed-rate mortgages fell to 6.52% this week, the lowest level for the mortgages since the week of April 13, when they averaged 6.49%.

The rates do not include add-on fees known as points.

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