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IN BRIEF / THE ECONOMY

Mortgage Rates Are Mixed This Week

October 24, 2003|From Associated Press

Rates on benchmark 30-year mortgages, after rising for two straight weeks, were unchanged this week at 6.05% as the bond market stabilized, mortgage company Freddie Mac reported.

For 15-year mortgages, a popular option for refinancing, rates edged up slightly to 5.39%, from 5.36% last week. Rates for one-year adjustable mortgages averaged 3.76%, down slightly from last week's 3.79%.

The nationwide averages for mortgage rates do not include add-on fees known as points. Thirty-year, 15-year and one-year ARMs all carried average fees of 0.7 point this week.

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