Adjustable-Rate Mortgage

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FHFA monthly mortgage rates continue to slip 

Aug 30, 2011By

The Federal Housing Finance Agency said average mortgage rates for home sales averaged 4.57% in July. According to the FHFA, July marks the fourth straight month of slow and steady mortgage rate declines. The rate for fixed- and adjustable-rate mortgages averaged 4.55% in July, down 6 basis points from 4.61% in June.

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