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Fixed-Rate Mortgage

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Mortgage Rates Hold Stable 

Feb 26, 2009By

After two weeks of inching downward, mortgage rates changed very little in the week ending February 26, according to Freddie Mac’s [stock FRE][/stock] Primary Mortgage Market Survey released Thursday. 30-year fixed-rate mortgages averaged 5.07 percent with an average 0.7 point, up just slightly from last week’s average of 5.04 percent. Last year at this time, the 30-year fixed-rate mortgage average sat significantly higher at 6.24 percent.