Charleston Post and Courier (05/16/08)
Freddie Mac reports a drop in the 30-year fixed mortgage rate for the week ended May 15 to 6.01 percent from 6.05 percent a week ago. The 15-year fixed mortgage rate remained unchanged at 5.60 percent. Meanwhile, the five-year adjustable mortgage rate slipped to 5.57 percent, and the one-year ARM dipped to 5.18 percent; last week, they averaged 5.67 percent and 5.29 percent, respectively.
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