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Mortgage Rates Update > 10/23/13

Graph of 30-Year Conventional Mortgage Rate
Mortgage rates continued their downward trend today to a four month low, though falling at a slightly slower pace than yesterday. Rates have been falling since the Department of Labor released the Economic Situation Report, in conjunction with the Fed’s QE stimulus program.

The average 30-year fixed rate was 4.11%, down from yesterday’s closing at the 4.15% level. The average 15-year fixed rate came down to the 3.25% range after closing yesterday at the 3.29% range, The average 5/1 year ARM held firm at 3.17%.

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