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BRIEFLY

October 26, 1987

Mortgage rates fell last week, with fixed-rate loans decreasing 0.22 percentage point and adjustable-rate deals going down 0.08 percentage point, the Federal Home Loan Mortgage Corp. said. Fixed-rate loans declined to 11.6%, from 11.58% last week; adjustable-rate mortgages dropped to 8.37%, down from 8.45%. The fixed-rate average is for a 30-year loan covering 80% of a home's cost. The average adjustable-rate mortgage also is for 30 years but is for 75% of the home price.

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