Long-Term Mortgage RatesDecline

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McLEAN, Va. - (12/17/04) -- Fixed-rate mortgages fell slightlythis week, for the second week in a row, according to Freddie Mac.The average for the benchmark 30-year, fixed-rate loan slipped to5.68% this week, from 5.71% last week; while the average for the15-year, fixed-rate mortgage dipped to 5.11%, from 5.14%. Theaverage for the one-year ARM, the benchmark for adjustable-rateloans, tipped slightly upwards to 4.18%, from 4.15% lastweek.

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