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Mortgage Rates Update > 10/21/13

Graph of 30-Year Conventional Mortgage Rate
The Major Mortgage Markets were quiet today, mainly in anticipation of employment data set to be released tomorrow by the Department of Labor. They remain at nearly four month lows after last week’s slide and even quicker recovery upon news that the government shutdown had ended.

The average 20-year fixed rate remained at the 4.25% range, while the average 15-year fixed rate held firm at the 3.39% level. The average 5/1 year ARM fell slightly to 3.19%, down from last week’s closing at 3.19%.

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