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BRIEFLY

Fixed-rate mortgage rates fell again in September.

October 07, 1986

It was the third consecutive month that rates have fallen, the Federal Home Loan Bank Board reported. The FHLBB said conventional, fixed-rate mortgages averaged 10.50% in early September, down from 10.84% the month before. Fixed-rate mortgages, which averaged 12.65% a year ago, hit a low of 10.47% in May. Rates for the most common type of adjustable-rate mortgage, one that has a cap on how much rates can increase, edged down in September as well, dropping to 9.21% from 9.43% in August and 10.60% a year ago.

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