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Old 07-03-2008, 01:29 PM
Veronica Corningstone's Avatar
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Market Conditions Improve

The 30-year fixed-rate mortgage averaged 6.4 percent in Freddie Mac's survey of 125 thrifts, commercial banks and mortgage lending companies for the week ended July 3. This is the first time the 30-year has fallen in six weeks. Overall 1003 loan applications increased 4 percent during the latest week, the Mortgage Bankers Association reported in its weekly survey for the week ending June 27.

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